Naspers Spin Off

30.07.2022

Naspers spin-off Prosus surges 25% on Amsterdam market debut.
Spin-Off | NASPERS LTD-N SHS | 11th September 2019.
Naspers to spin off MultiChoice - Digital TV Europe.
Naspers spin-off Prosus surges 25% on Amsterdam.
Naspers spin-off Prosus has succesfull stock market launch.
Naspers spin-off Prosus surges 25% on market debut in.
The double edged sword of success: Understanding Naspers and their.
Naspers spin-off comes in at R1,200 a share - CapeTalk.
Naspers Plans to List Prosus on Euronext in September.
Naspers sees profit boost ahead of spin-off | Fin24.
Prosus value soars to €123bn in Amsterdam debut - Euro Financial Review.
UPDATE 1-Naspers spin-off Prosus surges 25% on.
Naspers plans to spin off its Tencent stake and other holdings.

Naspers spin-off Prosus surges 25% on Amsterdam market debut.

The spin-off marks the end of an era for Naspers as it looks to move beyond the legacy of former CEO Koos Bekker’s prescient investment of just $34 million in Tencent when it was a startup in.

Spin-Off | NASPERS LTD-N SHS | 11th September 2019.

South African media titan Naspers on Wednesday effectively created Europe's largest consumer tech company, called Prosus, with a stunning Amsterdam stock debut driven by interest in its stake in China's Tencent. Prosus' value instantly soared to around 123 billion euros ($136 billion) according to the Bloomberg news agency, making the group the largest to trade on the Amsterdam stock exchange. Prosus, a spin-off by South African media and internet investment firm Naspers, said Monday it will cut its huge stake in Tencent to fund a share repurchase program. The spin-off in Amsterdam marks the end of an era for Naspers as it looks to move beyond the legacy of former Chief Executive Koos Bekker’s prescient investment of just $34 million in Tencent.

Naspers to spin off MultiChoice - Digital TV Europe.

Earlier this year, Naspers announced plans to spin off its global internet businesses -- including its Tencent stake -- into a new company fittingly called "NewCo," to be listed on Euronext. Naspers has seen fast and consistent growth over the last decade. In March of 2009, shares were selling as low as $2.69 each. In its peak of 2018, shares were selling for more than $60 a piece. In the recent past, I've advocated for owning Chinese internet giant Tencent (OTC: TCEHY) not via the stock itself, but rather through South African firm Naspers (OTC: NPSNY). While Naspers began.

Naspers spin-off Prosus surges 25% on Amsterdam.

The spin-off in Amsterdam marks the end of an era for Naspers as it looks to move beyond the legacy of former Chief Executive Koos Bekker's prescient investment of just $34 million in Tencent when. Due to the spin-off of PROSUS NV from NASPERS LTD-N SHS, the following Indices will be adjusted: The spin-off company PROSUS NV will be added to the Index according to the transaction terms. Effective Date (open): 11/09/2019 Solactive Next Emerging & Frontier Index Inspire Global Hope Large Cap Equal Weight Index RAFI Fundamental Emerging Markets Continued. The good news for Naspers shareholders is that the delay doesn't seem to have anything to do with the merits or mechanics of the spin-off. The culprit actually appears to be a minor mistake on the.

Naspers spin-off Prosus has succesfull stock market launch.

AMSTERDAM, Sept 11 (Reuters) - Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market. Naspers now holds 31% of Tencent, and Naspers’ market capitalisation is less than the value of that stake alone. So, investors in Naspers get Tencent at a discount, and everything else that the South African company owns for free. That adds up to an overall discount of around 40% to the Naspers share price.

Naspers spin-off Prosus surges 25% on market debut in.

As of the end of day Thursday, Sept. 19, Naspers shares were down 36% from the pre-spin price -- a full 10 percentage points greater than the 26% spinoff of Prosus.

The double edged sword of success: Understanding Naspers and their.

Naspers has recieved almost unanimous approval from shareholders to list its international internet assets on the Euronext in Amsterdam as Prosus. The vote was held during an extraordinary general meeting in Cape Town on Friday where 95.51% of N ordinary shareholders voted in favor of the spin-off. Prosus will now….

Naspers spin-off comes in at R1,200 a share - CapeTalk.

Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. Prosus comprises Naspers' global empire of consumer internet assets, with the jewel in the crown a 31% stake in Chinese tech titan Tencent. There is "way more demand than is even available, so that's good," said the CEO of Euronext. Naspers, a century-old South African publisher, found new life as a global internet investor–notably by taking a one-third stake in the early 2000s in a Chinese start-up called Tencent. That was. Search query. Sign in. Mail.

Naspers Plans to List Prosus on Euronext in September.

Naspers, Africa's largest media group and one of Tencent's biggest shareholders, will spin off its pay-TV arm as it battles a deep discount in its shares.

Naspers sees profit boost ahead of spin-off | Fin24.

For anti-trust reasons, just prior to the deal closing 21st Century Fox spun off many of its cable news and other TV stations into an independent company, the Fox Corporation ( FOX ). March 29th - Capital Product Partners ( CPLP) will spin off its crude and product tanker business and subsequently merge it with DSS Holdings. In spinning off the unit, Naspers hoped to establish Prosus — Latin for "forward" — as a tech giant in its own right, and to draw in a more diverse crowd of shareholders than it currently has. With.

Prosus value soars to €123bn in Amsterdam debut - Euro Financial Review.

Naspers Ltd. plans to carve out its internet businesses, including a $133-billion stake in China’s Tencent Holdings Ltd. that has long exceeded the South African technology investor’s own. Naspers is planning to spin off assets including a $134 billion stake in Tencent Holdings Ltd. on the Euronext exchange. "Following the delay to the original timing, I am pleased that the listing of Prosus is on track to be completed in September. It's a significant step for Naspers and will present a new opportunity for global internet.

UPDATE 1-Naspers spin-off Prosus surges 25% on.

Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. ADVERTISEMENT Prosus comprises Naspers' global empire of consumer internet assets, with the jewel in the crown a 31% stake in Chinese tech titan Tencent. Naspers spin-off Prosus made a good start to its first day of trading on Wednesday opening at just over R1,200 a share in Amsterdam and on the JSE. The company, valued at $100bn (R1.5-trillion. Staff Writer 26 June 2017. JSE-listed internet and media company Naspers says it does not plan to spin off its $114 billion stake in Tencent, Reuters reported on Monday. It comes after a Geneva.

Naspers plans to spin off its Tencent stake and other holdings.

Spinoff of Naspers. For the unknown, Prosus is a spinoff of South African consumer internet conglomerate Naspers. The company started trading last Wednesday through a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the Johannesburg Stock Exchange (XJSE:PRX). Bob van Dijk, Group CEO Prosus and Naspers, said. AMSTERDAM (Reuters) - Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market debut in. Naspers spun off around 25% of Prosus to its shareholders, and is retaining roughly 75% ownership. The author is a Reuters Breakingviews columnist. The opinions expressed are his own.