Tuesday 23 July 2019

South Africa’s Naspers to list international businesses in Amsterdam

Photo: DutchNews.nl

South African tech and media investor Naspers is spinning off its main internet businesses and listing them on the Amsterdam stock exchange, the company said on Monday.

Naspers, which has a primary listing on the Johannesburg stock exchange, plans to list its international internet businesses on Euronext Amsterdam.

The businesses include its 31% stake in Chinese giant Tencent, as well as holdings in Russian internet platform Mail.Ru and German food delivery business Delivery Hero.

The spin-off, whose official name will be launched in the coming months, will be 75% owned by Naspers, with the rest a free float, the South African company said.

‘Forming and listing a new, global consumer internet group on Euronext Amsterdam is a significant step for Naspers,’ chief executive Bob van Dijk said in a statement.

‘It will provide a strong platform to attract incremental investor capital, which is well-aligned to our growth goals.’

DutchNews.nl has been free for 12 years, but now we are asking our readers to help. Your donation will enable us to keep providing you with fair and accurate news and features about all things Dutch.
Donate via Ideal, credit card or Paypal.