Naspers Launches Sale of Around 22 Million Shares in Prosus

Date : 01/21/2020 @ 6:20PM
Source : Dow Jones News
Stock : Prosus NV (PRX)
Quote : 71.18  -0.29 (-0.41%) @ 4:40PM

Naspers Launches Sale of Around 22 Million Shares in Prosus

Prosus NV (EU:PRX)
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   By Giulia Petroni 
 

Naspers Ltd. (NPN.JO) said Tuesday that it launched the sale of around 22 million shares in Prosus NV (PRX.AE).

The South-Africa based internet group said the sale represents about 1.4% of Prosus's ordinary shares. The placing is expected to increase the Netherlands-based company's free-float to 27.5% from 26.2%, with Naspers expected to hold about 72.5% of the issued shares after completion.

Naspers has a 73.8% stake in the company.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

January 21, 2020 13:05 ET (18:05 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.


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