Prosus’s New CEO Needs Answers to Same Old Problems
- Ervin Tu has assumed the top job at Dutch investment firm
- Prosus has sought to simplify its cross-holding structure
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Prosus NV’s new interim CEO inherits a conundrum from his predecessor: how to bridge the yawning gap between the value of the company’s stock and its assets.
It will be a challenge for Ervin Tu, who assumed the top job last week following the departure of Bob van Dijk. Prosus, the Dutch investment arm of Naspers Ltd., is still valued at well below the sum of its parts despite its push to unknot a complicated cross-holding structure and boost share buybacks.