Loni Prinsloo
Stories by Loni Prinsloo
Malaysia’s Petronas mulls IPO for South African fuel retail unit Engen in 2020
Engen is 74% owned by Petronas, which has mandated JPMorgan Chase & Co to assist with the listing.
Naspers creates new entity Prosus to hold assets of Tencent, others
Naspers will retain a majority stake in the group, which will have investments in internet firms in India, among other countries.
South Africa’s Naspers postpones Dutch listing after administrative error
Naspers is planning to spin off assets including a $134 billion stake in Tencent Holdings on the Euronext exchange.
Naspers to invest $1b in India this year in search for the next Tencent
Naspers is in talks to inject around $200 million into business loan provider Capital Float and payments security firm Wimbo as a first step.
Naspers steps up exposure to Russian e-commerce by buying out Avito
Africa’s biggest company by market value bought out minority shareholders in Avito BB through its classifieds business OLX Group.
Tencent-backer Naspers plans ‘significant investments’ on M&As in coming months
In the first half of this year, the company has done about $750 million in deals, and there are some near-term opportunities, Naspers CFO said.
Tokio Marine picks stake in S African insurer Hollard for $327m
The deal will enable Tokio to gain a foothold in markets such as South Africa and Botswana from its base in Chiyoda-Ku, Japan.
Tencent backer Naspers considers listing some businesses to reduce size
The company takes “very seriously” the difference in value between its stake in Chinese internet giant Tencent and the firm as a whole, CEO Bob Va
Naspers rakes in a $1.6b profit with stake sale in India’s Flipkart
Naspers bought into Flipkart in 2012 and has invested a cumulative $616 million. The sale value of its stake was $2.2 billion.
Naspers mulls listing other units after successful Tencent share sale
Naspers Ltd., frustrated that investors give it no credit for its investments other than a stake in Chinese Internet behemoth Tencent Holdings Ltd., i
