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Prosus: Naspers lists his huge Tencent share in Amsterdam

Naspers ( NAPRF ) The South African firm that cracked the jackpot with an early investment in Tencent ( TCEHY ] on the listing of a new company on the Amsterdam Stock Exchange its 31 percent stake in the Chinese Internet Group.
called Prosus, the company will have a market value of at least € 95 billion ($ 105 billion) listed on Wednesday, it is the largest consumer technology company in Europe, and also the second largest technology company in the region after SAP in Germany. Royal Dutch Shell ( RDSA ) and Unilever ( UL ) Worth More
Naspers only paid $ 32 million in 2001
for his share of Tencent have now a value of 118 billion euros (130 billion dollars). It is a return achieved only by SoftBanks ( SFTBY ) $ 20 million on Alibaba ( BABA in 2000 which secured the Japanese company $ 132 billion in shares.

But the unexpected gains have hurt Nasper's headache and now account for 25% of the total value of the 40 largest companies on the Johannesburg Stock Exchange – Compared to 5% five years ago, which forces investors to sell Naspers shares so they are not overly exposed to a single stock, as a result Naspers trades at around 30-35% of the value of its assets, Jean Pierre said Verster, founder and CEO of Protea Capital Management.

This should help relocate to Amsterdam, and according to Prosus 'list, Naspers' weighting in the top 40 of Johannesburg is expected to be around 18-19 % sink, said Verster.

Prosus will also give funds that are only allowed to invest in listed European companies, the opportunity to enter into commitments in such companies China's Internet sector for the first time, added Verster.

Tencent, which owns the WeChat News Platform and a variety of payment applications and mobile games, is one of the largest technology groups in China. Naspers will continue to own at least 73% of Prosus, which also owns other technology assets such as shares in the Restaurant App Delivery Hero, the online classifieds business OLX Group and the Russian Internet company Mail.ru.

Naspers estimates this demand from passive investors for Prosus shares could amount to as much as $ 3 billion after the stock's inclusion in a series of large global indices. According to Bob van Dijk, CEO of Naspers, investments by actively managed European, growth and technology funds will gain the upper hand. Will Naspers find another Tencent? Deal also carries a certain risk for Naspers. Investors should become more aware of how the other bets are developing. This could determine whether the discount on the stock is further reduced.

Even without Tencent, Naspers returned more than 20% a year, significantly outperforming most of its equity capital, said Ruan Stander, a portfolio manager for Cape Town-based asset manager Allan Gray. The company owns 2.2% of Naspers.

Naspers has previously sold shares in the Indian e-commerce company Flipkart and the Poland-based online marketplace Allegro Group with substantial profits.

It's now focusing on van Dijk said, "The listing of their classifieds business under the OLX brand could be the next step," said Charl Wolmarans, an analyst at Avior Capital Markets.

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