GC
Prosus offloads $14.7bn Tencent block
Dutch internet company Prosus is looking to pocket up to HK$114.17bn ($14.67bn) from an accelerated sale of shares in Tencent Holdings.
The vendor, a subsidiary of South African internet giant Naspers, is selling 191.89m shares to pare its stake in Chinese technology company Tencent from 30.9% to 28.9%.
Citi, Goldman Sachs and Morgan Stanley are the joint bookrunners. The trio launched the accelerated bookbuild after Hong Kong markets closed ...Already a subscriber? Login
