Completion of the accelerated offering of Tencent shares by Prosus N.V. and lifting of cautionary warningProsus N.V. (Prosus), which is majority owned by Naspers, today announced that it has completed its accelerated offering, through its subsidiary MIH TC Holdings Limited, of 191,890,000 shares in Tencent Holdings Limited (Tencent) Naspers is Africa's biggest listed company because of its Tencent holding but its shares trade at a steep discount to the value of its stake, which led it to create and list Prosus in Amsterdam. In 2001, Prosus' parent company Naspers bought a 46.5% interest in Tencent for only $34 million— but earlier this year, Prosus liquidated a 2% Tencent stake for $14.6 billion, retaining a 28.9%.
Prosus N.V. (Prosus), which is majority owned by Naspers, today announced its intention to sell, through its subsidiary MIH TC Holdings Limited, up to 191 890 000 shares in Tencent Holdings Limited (Tencent), equal to 2% of Tencent's total issued share capital, which would reduce its stake in Tencent from 30,9% to 28,9% (the Transaction) Prosus N.V., or Prosus, is the international Internet assets division of South African multinational Naspers. The global investment group is the largest consumer Internet company in Europe, and among the largest technology investors in the world, operating across a variety of platforms and geographies Prosus will increase in stature on the JSE and in Amsterdam with a larger free float of Prosus shares by issuing new shares as consideration. The Naspers free float will decrease significantly, as will its weight in JSE indices. The 45% shares to be held by Prosus will not count towards calculating its weight in JSE indices. Simply wron Prosus Makes Another Huge Move to Close Its Discount to Tencent The complex share swap with Naspers is the latest in a series of attempts to unlock value of this heavily discounted stock
Naspers spin-off Prosus has announced its intention to reduce its stake in Tencent by 2%, selling over 190 million shares in the process. To put the proposed sale into perspective, Prosus will raise over R200bn from the 2% sale of Tencent, which is being sold to investment banks Citigroup, Goldman Sachs and Morgan Stanley at a discount to Tencent's share price He said Prosus shareholders would benefit as the Naspers N shares Prosus will buy trade at a deeper discount to the value of the Tencent stake than Prosus shares do. In recent weeks Naspers shares.
Deal is Prosus' biggest investment in online learning and comes weeks after it sold a chunk from its massive Tencent holding Bob Van Dijk, CEO of Prosus parent Naspers, ahead of Prosus. .8bn — as having been value-destructive for Naspers and Prosus shareholders given the subsequent.
AMSTERDAM (R) -Dutch-listed technology investor Prosus NV plans to raise its stake in South African parent Naspers to nearly 50% in a share swap deal that will move part of their huge holding in China's Tencent to Amsterdam from Johannesburg. Naspers is Africa's biggest listed company because of its Tencent holding but its shares trade at a steep discount to the value of its stake, which. A statement from Tencent Chairman Pony Ma said he viewed Prosus, which was spun off from Naspers of South Africa in a 2019 IPO, as a commited strategic partner over a great many years Prosus shareholders would benefit, CEO Bob van Dijk said in a statement, as Naspers shares trade at a deeper discount to the value of the Tencent stake than Prosus shares do. (Reporting by Toby. Prosus: Tencent Via Naspers History. The spinoff of Prosus emerges out of a longstanding desire of South Africa's Naspers ( OTCPK:NAPRF) to close... The company. Like I wrote before, Prosus comprises Naspers' Tencent shareholdings and the other bets on startups. Conclusion. With Prosus, Naspers will. The problem is, as long as Tencent continues to grow, Naspers will continue to get too big for South African investors. On Wednesday, van Dijk and Sgourdos made a new gambit, offering to let Naspers shareholders swap their stock for Prosus shares.The move is smart, as far as it goes: It gives Prosus a greater free float, and reduces the Naspers weighting on the Johannesburg exchange to about 14%
Prosus consists of all of their internet investments, including the 31.1% stake in Tencent. Naspers holds around 73% of Prosus shares, while 27% are floated. I made a graphic to explain what the relationship looks like, as of February 19, 2020: As you can see, the Tencent stake represents more than 100% of EBITDA The boards of Amsterdam-based Prosus and Naspers have announced that Prosus intends to acquire up to 45.4% of shares in Naspers, its South Africa-based parent company. Prosus owns a 28.9% stake in Tencent, the Chinese software and gaming behemoth. Both Prosus and Naspers trade at a discounted value to their stake in Tencent, which according to market reports this morning is worth over EUR170bn The listing of Prosus in September 2019 - adding another entity between Naspers and Tencent - did little to change the situation. Investors now face two of these 'discounts'. New approac Moderbolaget Naspers äger fortfarande 2/3-delar. P/E-talet är lite norr om 30 så det är inte rea men ändå rimligt kan jag tycka med tanke på tillväxtpotential på 20+ % sannolikt/förhoppningsvis. Då Nordea, Avanza och Degiro erbjuder elektronisk handel i Prosus så är den relativt lättillgänglig jämfört med att köpa Tencent direkt
Naspers owns, or has controlling interest in, various businesses, including Prosus, Media24, and Takealot. In 2001, Naspers made an early, successful investment of US$32 million, in Tencent. As of 2018, Naspers had approximately a 31 percent stake in Tencent , becoming its largest shareholder,   and Africa's biggest public company A solution was found — Naspers would spin off its Tencent stake, plus its investments across food delivery, payments and education — into a company called Prosus, listed in the Netherlands Conclusion: The Buy Naspers/Prosus/Softbank to get cheaper exposure to to Tencent/Alibaba and get the remaining businesses for free argumentation has been an underperforming one vs. buying.
He said Prosus shareholders would benefit as the Naspers N shares Prosus will buy trade at a deeper discount to the value of the Tencent stake than Prosus shares do. In recent weeks Naspers shares have traded at a discount of around 25% to the Tencent stake value, while Prosus trades at a 15% discount As of Monday, Prosus's market cap of R2.8-trillion is just about 20% less than its stake in Tencent. Given that Naspers is worth roughly 30% less than the value of its 73% stake in Prosus, Van. Naspers owns 72.6% of Prosus' shares, which should amount to a market value of $131 billion, and its share of Prosus' Tencent stake would theoretically be worth $175.8 billion A technical analysis view shows Tencent, Naspers and Prosus to look oversold in a longer term uptrend This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument
That means its market value has long been less than its holding in Tencent. Prosus will issue more stock, giving it a 49.5% stake in Naspers and increasing its free float to over $100 billion, the. But the most valuable piece in Prosus' portfolio is its 31 percent slice of Tencent. Naspers paid $32 million for a 46.5 percent stake in 2001, in the Chinese company's early stages In 2001, Naspers, a media company that launched in 1915 and later evolved into a media holding company with pay TV interests, agreed to invest $32 million for a 46.5% stake in Tencent. The China. Amsterdam-based technology investor Prosus NV on Wednesday announced plans to acquire up to 45.4% of shares in its parent Naspers of South Africa by issuing new Prosus shares in a deal aimed at moving part of the value of their massive stake in Tencent to Europe from Africa. Naspers, which has a controlling stake in Prosus and would retain control, hopes the deal will improve valuations for.
Former Naspers CEO Koos Bekker famously discovered Chinese tech success Tencent in 2001 before it exploded in value, powering up the JSE-listed media company. Bekker's Tencent pick has been described by some analysts as one of the best investments in history. But, nearly two decades later, The Wall Street Journal describes Tencent as a headach Prosus N.V., or Prosus, is the international internet assets division of Naspers. The global investment group is the largest consumer internet company in Europe, and among the largest technology investors in the world, operating across a variety of platforms and geographies On completion of the transaction, Prosus will hold a 49.5% interest in Naspers. The effective economic interest for the Prosus free float in the underlying assets will more than double from around 27% to about 60% through Naspers' cross-holding. The deal aims to move part of the value of their massive stake in Tencent to Europe from Africa In response, Naspers has introduced a share swap take care of Prosus, the Dutch-listed subsidiary that owns the Tencent stake. Prosus has supplied to purchase 45 per cent of its dad or mum in alternate for its personal shares, Naspers mentioned on Wednesday Naspers spin-off, technology investment company Prosus, plans to sell a 2% stake in China's Tencent, worth about R218-billion at current prices, in an accelerated offering to institutional investors. Prosus, majority owned by Naspers, said the sale would lower its stake in Tencent to 28.9% from 30.9%. The move underlines the size of Prosus's Tencent stake, which it said it had committed.
Naspers, which will retain a controlling stake in Prosus, hopes the deal will improve valuations for both. The 28.9% stake that Prosus holds in software and gaming giant Tencent Holdings is worth 172 billion euros ($208.6 billion) at current market prices. Prosus has a market capitalisation of 138 billion euros and Naspers of 80 billion euros Naspers investors will be able to swap their shares for those of its Dutch-listed unit, Prosus, in another effort to narrow a valuation gap with its Chinese affiliate Tencent Holdings Naspers will retain control of Prosus from its South African domicile. Prosus shares were up 3 per cent in morning trading. Naspers is Africa's biggest listed company because of its Tencent holding but its shares trade at a steep discount to the value of its stake, which led it to create and list Prosus in Amsterdam in 2019
Naspers unit Prosus today announced its intention to sell, through its subsidiary MIH TC Holdings, up to 191 890 000 shares in Tencent, equal to 2% of Tencent's issued share capital, reducing its. Naspers owns a 31percent stake in Tencent, the owner of WeChat, through its subsidiary, Prosus. Tencent declined by 10percent and shed more than $45billion in market capitalisation in Hong Kong
Tencent's shares, which closed at HK$629.50 before Naspers' Prosus unit announced its sale, never fell below HK$600 in the days since, keeping buyers well in the money above their HK$595. Shares of Naspers and its unit Prosus, Tencent's largest shareholders, rose more than 3% after Tencent's earnings. Tencent pledged to sharply increase investments this year after posting a 25% gain in quarterly revenue, aiming to fend off ByteDance and sustain its pandemic-era boom in gaming and cloud .Ru and Avito in Russia, and Swiggy in India. But Tencent still contributes about 120% to Naspers and Prosus core earnings Naspers, which will retain a controlling stake in Prosus, hopes the deal will improve valuations for both. The 28.9% stake that Prosus holds in Tencent Holdings is worth €172 billion ($208.6 billion) at current market prices. Prosus has a market capitalisation of €138 billion and Naspers of €80 billion
Amsterdam-based Prosus, the international internet division arm of Naspers, pocketed an amount of $14.6 billion after it sold 2% of its stake in Tencent, the Chinese social media and gaming behemoth Without Tencent, Naspers and Prosus are bad entertainers: Charts expose real story- Ted Black World Headlines Alex Andrews - June 2, 2021 0 Former Naspers CEO Koos Bekker famously discovered Chinese tech success Tencent in 2001 before it exploded in value, powering up the JSE-listed media company .6 billion from the sale of shares in Chinese internet giant Tencent Holdings to fund growth ventures. The Amsterdam-listed e-commerce firm will sell a 2% stake. South Africa's Naspers has entered into a share exchange agreement with Prosus, a Dutch exchange-traded fund. This will mitigate the impact of a 29%
About Naspers. Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities Naspers holds a 31 percent stake in WeChat's owner, Tencent Holdings, which plunged as much as 10 percent in Hong Kong. Naspers subsidiary Prosus NV, which holds the company's stake in Tencent. Prosus' parent company, Naspers Ltd. , acquired the Tencent stake in 2001 for $34 million. The Stack Overflow deal is Prosus' first outright acquisition in the educational tech space. Prosus already owns stakes in two educational tech companies—Udemy and Codecademy—servicing companies
Prosus - the company that holds the international assets of Naspers - is buying programming Q&A website Stack Overflow for $1.8 billion (about R24.5 billion). Today we're pleased to. Naspers investors will be able to swap their shares for those of its Dutch-listed unit, Prosus NV, in another effort to narrow a valuation gap with its Chines A couple of months back, Prosus — the international assets holding arm of South African multinational Naspers, raised $15M (approx €12.3M) from the sale of shares in Chinese internet giant Tencent Holdings Ltd to grow its war-chest for new deals. Fast-forwarding two months, Prosus buys out Stack Overflow Tencent pledged to sharply increase investments this year after posting a 25% gain in quarterly revenue, aiming to sustain its pandemic-era boom in gaming and cloud. The giant announced a pipeline of more than 40 new mobile and PC titles during its annual game showcase Sunday. Shares of Naspers and.. So with Prosus being listed in Amsterdam we'll see more buying and hence the price will move higher and Naspers should also track higher but Prosus may move more and we may see a discount open between Prosus and Naspers, much as we see with TenCent and Naspers
Naspers and European subsidiary Prosus have announced more drastic steps as they continue to take measures to narrow the discount they both trade at relative to their underlying assets, the biggest of which is Prosus's 28.9% stake in China's Tencent. Prosus plans to acquire a 45.4% stake in Naspers by exchanging new Prosus N ordinary shares for. The focus on Prosus and Naspers has intensified as the companies deal with a valuation gap to Tencent. In an attempt to narrow the discount and unlock value.
Naspers launches share swap take care of Prosus to scale back influence of Tencent stake. by admin. May 12, 2021 A year ago Naspers listed Prosus, a vehicle for its online bets, in Amsterdam. By dint of owning 31% of Tencent, worth about $208bn, as well as other investments made since, Prosus is the EU 's. The Wall Street Journal is reporting that Prosus (the primary shareholder of Chinese gaming mega co/WeChat developer, Tencent) will acquire Stack Overflow for $1.8 billion. Update: Prosus confirms. Naspers (JSE code: NPN) and Prosus (JSE code: PRX) have announced another deal to try and close the discount between themselves and their holding in Tencent (Hong Kong code: 700). Prosus will acquire up to 45.4% of Naspers shares via a share swap whereby holders of Naspers can get 2.27 new Prosus shares for every one Naspers share
(Bloomberg) -- Prosus NV is redoubling its effort to narrow the valuation gap between itself and a more than $200 billion-dollar stake in Tencent Holdings Ltd, unveiling a complex share swap and a further stock buyback.The Dutch-listed unit's parent Naspers Ltd. dominates the Johannesburg stock market, limiting the amount of its shares investors can own due to local fund ownership rules Naspers unveils share-swap plan with Prosus to help close value gapProsus will acquire up to 45.4% of Naspers N-ordinary shares, which is expected to increase liquidity in the former. Prosus bolsters investment in India's ElasticRunNaspers' technology investor helps raise $75m for the logistics company. BUSINESS MAVERICK: The next chapter: Prosus buybacks start to show resultsThe discount. Naspers is only floating 27% of Prosus, while holding onto 73% of it. It houses the jewel in Naspers' crown: a third of Chinese tech giant Tencent, which is valued at $130bn Forbes - Prosus, the European-based technology listed subsidiary of South African giant Naspers, has bought 49.5% of its parent, in a move widely considered a means of moving the hugely valuable one-third stake of mobile giant Tencent from Africa into Europe. The Amsterdam-based Prosus would remain under Prosus will use the proceeds to put money into development and common company functions. Web firm Prosus, owned by Naspers*, introduced plans to promote 2% of its share capital in Chinese language tech large Tencent. The transaction will end in a decreased shareholding in Tencent, from 30.9% to twenty-eight.9%, it mentioned in an announcement.
Naspers investors will be able to swap their shares for those of its Dutch-listed unit, Prosus NV, in another effort to narrow a valuation gap with its Chinese affiliate Tencent Holdings Ltd. The move may more than double the number of Prosus shares available for trading, making the stock more liquid and giving Prosus a stake of 49.5% in Naspers, the parent company said in a statement on. A similar commitment by Naspers, when it raised $9.8-billion through the sale of a 2% stake in Tencent in March 2018, recently expired. Prosus said Tencent was one of the world's best growth enterprises, consistently delivering value since it listed in 2004. Prosus's commitment to Tencent remains steadfast, the company said Prosus, the multinational classified / marketplace arm of Naspers, today announced an intention to divest 2 percentage points of its stake in Chinese multinational tech conglomerate Tencent. That is expected to fetch Prosus abou
Prosus' portfolio is dominated by Tencent, which owns China's biggest messaging app, WeChat. Bob van Dijk, chief executive of both Naspers and Prosus,. Naspers, the company's Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure Web firm. The shares are now worth about $239 billion. Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said While Naspers and Prosus management is correct in saying that the global internet group delivered good results for the first six months of its financial year, a closer look at the figures shows that most of the growth can still be attributed to its investment in Tencent 24 May 2021 and 28 May 2021, Prosus purchased 591 203 Naspers N ordinary shares at an average price of ZAR3 029.7548 per share for a total consideration of ZAR1 791 200 122.20 (US$129 632 522.29) Prosus and Naspers Announce Intention for Prosus to Make a Voluntary Share Exchange Offer to Naspers Shareholders (Businesswire) 08.04.21 Prosus N.V. Completes Accelerated Offering of Tencent.
Prosus offer to Naspers 'idiotic' May 25, 2021 Siyabonga Mtangana A Swiss-based research and investment management firm, Alternative Investment Management & Research (AIM&R), says the proposed share swap between Naspers and Prosus is an idiotic idea that is certain to increase the discount between the share prices and the value of the underlying assets techcentral.co.za - Naspers spin-off, technology investment company Prosus, plans to sell a 2% stake in China's Tencent, worth about R218-billion at current prices, in