Naspers Listing Looks to Unlock Value in $122 Billion Tencent Stake - News Summed Up

Naspers Listing Looks to Unlock Value in $122 Billion Tencent Stake


JOHANNESBURG—Africa’s most valuable company said Wednesday it will move forward with plans to list its massive internet assets in Amsterdam, a bid to reduce the discount its shares trade at relative to the value of its $122 billion stake in Chinese internet giant Tencent Holdings Ltd. The listing, scheduled for July 17, is on the early end of the range the company had guided, and would instantly create a rare, large tech asset listed in Europe. It would be the third-largest company on the Euronext Amsterdam exchange and will...


Source: Wall Street Journal May 29, 2019 11:27 UTC



Loading...
Loading...
  

Loading...