Deals
Naspers Says Prosus Unit to Be Valued at About $100 Billion
- New entity for internet assets to be listed in Amsterdam
- Prosus would be third-largest company in Netherlands capital
Photographer: Graeme Williams/Bloomberg
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Naspers Ltd. said a newly created entity containing assets including a stake in Chinese internet giant Tencent Holdings Ltd. will be valued at about $100 billion.
Africa’s largest company by market value received shareholder backing last week to proceed with the listing of Prosus NV in Amsterdam next month. Alongside the Tencent stake, the new company will hold businesses from Brazil to Germany in industries such as online food delivery and classified advertising.