Prosus to buy shares in parent Naspers as valuations lag Tencent stake

Prosus to buy shares in parent Naspers as valuations lag Tencent stake

Photo: Bloomberg

Amsterdam-based technology investor Prosus NV announced plans on Wednesday to acquire up to 45.4% of shares in its parent Naspers of South Africa by issuing new Prosus shares in a deal aimed at moving part of the value of their massive stake in Tencent to Europe from Africa.