The South African net giant, Naspers, has announced that it will enter the Amsterdam Stock Exchange on September 11th.
Indeed, the South African group will list its subsidiary Prosus (international assets of the specialist in media and technology) on the market. This subsidiary holds in particular a stake of more than 30% in the Chinese giant Tencent.
In a press release on Monday, August 26, the company said it intends to value the offer to 100 billion dollars. Once completed, the company will be the third capitalization on the Amsterdam Stock Exchange, after Shell and Unilever, and the largest Internet company listed in Europe.
On 23 August, Naspers shareholders approved the deal after their board of directors.
Thus, 25% of Prosus shares will be placed on the market and the remaining 75% (capital of its subsidiary) will be focused on investments in South African tech.
In 104 years of existence (1915/2019), Naspers was first specialized in the media and publishing. Then the structure became by necessity the first investor in technology start-ups.
The establishment offers a wide range of services all over the world, including digital payment with Dutch PayU.
