Naspers to List Its $134 Billion Tencent Stake in Europe

Naspers to List Its $134 Billion Tencent Stake in Europe

The new entity will consist of all of Naspers’ internet interests outside of South Africa, including its 31% stake in Tencent

✒ Separately listing its 31% stake in Tencent serves to alleviate the valuation discount of Naspers’ share price. With a 25% free float, it also means that Naspers can indirectly dispose of 7.8% of its Tencent shareholding.