Sources say small IPO of Naspers' Tencent stake possible

By Sam Kerr
27 Mar 2019

Naspers, the South African technology conglomerate cheered European equity markets this week as it announced it would list its international assets in a new company on the Euronext Amsterdam. The company said that the deal would just be a spin-off transaction but sources close to the situation are not writing off the possibility of an IPO as well.

The Amsterdam-listed company will cover all of Naspers' internet interests outside of South Africa, including investments in online classifieds, payments, food delivery, retail, travel, education and social and internet platforms sectors. It will, perhaps most importantly, include Nasper’s stake in Chinese social media firm Tencent, worth over €118bn.


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