Naspers to seek European listing – again
August 6, 2019
By Chris Forrester
South African technology and media conglomerate Naspers had planned a listing on the Amsterdam Euronext bourse earlier this year, but pulled the plan because of a technical glitch – formal pre-listing documents were not sent to the correct addresses.
It is ready to start again, and says its new European company ‘Prosus’ will be presented to shareholders in time for an August 23rd vote on the plan and whether shareholders want new Prosus stock in which Naspers itself will hold 75 per cent of the shares.
The Prosus shares are due to start trading on September 11th.
Key to the listing is Nasper’s major holdings in Chinese internet giant Tencet, Russia’s Mail.ru and DeliveryHero. It’s holdings in MultiChoice/DStv are now listed separately on the Johannesburg exchange.