Prosus offloads $14.7bn Tencent block

By Jonathan Breen
07 Apr 2021

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 ...

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