It’s the biggest stock news of the day as internet group Prosus lists on Amsterdam’s Euronext. Meryl Pick, Fund Manager at Old Mutual Investment Group weighs in on how we should be looking at this new listing as well as other opportunities in the market.
Naspers plans to float its consumer internet businesses with assets valued at more than 100 billion euros on the Euronext stock exchange in Amsterdam on July 17. Naspers will retain a 73 per cent stake in the new company, which will hold assets including Naspers’ 31.2 per cent stake in China’s Tencent, as well as its OLX classified businesses in India and Brazil and its U.S. business, Letgo. Naspers shareholders will receive shares representing 27 per cent of the new company when it lists, Naspers said in a statement. Naspers CEO, Bob van Dijk shares more details.