Dutch tech investor Prosus to end cross-holding with parent Naspers

Dutch tech investor Prosus to end cross-holding with parent Naspers

Prosus' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration

Dutch-listed technology investor Prosus NV said on Tuesday it would end a cross-holding structure with its South African parent Naspers, sending both companies’ stock higher as investors welcomed the simplification.