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JOHANNESBURG (Reuters) – Naspers will introduce its online trading business on the Euronext stock exchange in Amsterdam, said Monday the latest initiative by the largest company in South Africa to offer a significant reduction in its shares.
Founded more than 100 years ago in Stellenbosch, South Africa, Naspers has grown from a newspaper publisher to a media and internet giant of 1.5 trillion rand (103.75 billions of dollars). But he owes all this evaluation to his one-third involvement in Tencent.
The stake in Tencent is approximately $ 122 billion, 17% more than Naspers, although the company owns other badets such as OLX, the largest clbadifieds site in India and Brazil, and the clbadified mobile platform Letgo, which rivals Craiglist in the United States.
"The listing will provide an exciting new opportunity for international technology investors to access our unique portfolio of international Internet badets," said Managing Director Bob van Dijk in a statement.
The new entity, headquartered in Johannesburg, will bring together some of the largest Internet brands in emerging markets, including Russia's largest social networking site, mail.ru, India's online travel company MakeMyTrip and the Brazilian company. of iFood food distribution.
The new company should belong to 75% to Naspers and benefit from a 25% float. Naspers has not given any financial details on the transaction.
As part of efforts to create shareholder value, Naspers has already sold and separated its de facto monopoly from Multichoice African pay-TV, valued at around 50 billion rand.
Reporting by Tiisetso Motsoeneng; Edited by Louise Heavens and Edmund Blair
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