Prosus to sell 2% stake in Tencent worth $15 billion

PUBLISHED: Wed, 07 Apr 2021 09:13:12 GMT
Share

AMSTERDAM, April 7 (Reuters) – Prosus NV, the Dutch-based technology investment company, said on Wednesday it would sell a 2% stake in software giant Tencent worth around $15 billion at current prices in an accelerated offering to institutional investors.

Prosus, majority-owned by Naspers of South Africa, said the sale would lower its stake in Tencent to 28.9% from 30.9%. (Reporting by Toby Sterling; editing by Jason Neely)

(c) Copyright Thomson Reuters 2021. Click For Restrictions – https://agency.reuters.com/en/copyright.html

Sign Up for Our Newsletter Daily Update

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
,