Naspers listed its international assets, including the Tencent stake, last year as Prosus. Prosus NV plans to buy back a combined $5 billion of shares in itself and its South African parent Naspers Ltd. in a move designed to boost shareholder value and … Prosus holds all Naspers-owned international internet companies such as Tencent. Naspers will be the majority shareholder of Prosus, holding at least a 73% stake in the group alongside its South African businesses, Takealot and Media24. Still, it appears that fully closing the gaps separating Naspers, Prosus, and Tencent may take more patience on the part of Naspers investors. Naspers owns, or has controlling interest in, various businesses, including Prosus, Media24, and Takealot. Naspers also reported first-half financials on Monday, and said earnings fell due to its now 73% shareholding in Prosus. Naspers has a wide range of social media, classified advertising, fintech and food delivery investments, including Mail.Ru and Avito in Russia, and Swiggy in India. Prosus — which has many worldwide internet platforms, dwarfed by its 31% stake in Tencent — will buy $1.37bn (R21.07bn) of its own shares and $3.63bn more of its parent, the group said. “The idea of narrowing the discount to NAV has spectacularly failed,” he wrote. 15 December 2020 Prosus Ventures – CEO Q&A: Ten Big Questions with Ashwin Damera from Eruditus. Prosus comprises the international internet assets of Naspers [XJSE:NPN], Africa’s most valuable company. Revenue at Prosus for the first half of fiscal 2021 jumped 53% to $2.17 billion, while Naspers' revenue increased 44% to $2.5 billion over the same period, the company said. One reason for the discount is Naspers' heavy weighting on the Johannesburg Stock Exchange. Prosus, he argues, is simply Naspers by another name. In 2001, Naspers made an early, successful investment of US$32 million, in Tencent. The Tencent stake has been worth more than Naspers itself for years, and dominated the $103 billion group’s finances. D'autant que Naspers étant déjà coté à Johannesbourg, l'ensemble Naspers-Prosus aurait représenté à lui seul une part trop importante du marché total. The Amsterdam-listed company’s stock has gained 37% this year to give a market cap of €148-billion, but the Tencent shareholding is worth about €191-billion. As of 2018, Naspers had approximately a 31 percent stake in Tencent, becoming its largest shareholder, and Africa’s biggest public company. As of Monday, Prosus’s market cap of R2.8-trillion is just about 20% less than its stake in Tencent. Prosus said last month it would buy back a combined $5bn of shares in itself and Naspers in a move designed to boost shareholder value and try to narrow the gap, and will kick off the process Tuesday. Prosus/Tencent : Le tigre derrière le lion. The vehicle has since entered Europe’s blue-chip Stoxx 50 index. One motivation for spinning off Prosus is to narrow that value gap. Naspers’s Prosus on hunt for deals with $4.3-billion to hand ... a 31% stake in Chinese giant Tencent. Naspers holds a 31% stake in WeChat’s owner, Tencent Holdings Ltd, which plunged as much as 10% in Hong Kong. Credit Suisse a entamé le suivi de Prosus avec une opinion Surperformance et un objectif de cours de 126 euros. L'histoire boursière de Prosus est restée très dépendante de Tencent. Naspers holds a 31 percent stake in WeChat’s owner, Tencent Holdings, which plunged as much as 10 percent in Hong Kong. Prosus also has meaningful investments in leading internet companies Tencent, Mail.ru and Ctrip. By Loni Prinsloo (Bloomberg) – Prosus NV plans to buy back a combined $5 billion of shares in the global e-commerce giant and its South African parent Naspers Ltd., a move designed to boost shareholder value and narrow a discount between the company and its stake in Tencent Holdings Ltd. It’s about 14 months since the listing and the gap between the market value of Naspers and Prosus relative to their Tencent stake has widened rather than narrowed. The Tencent stake has been worth more than Naspers itself for years, and dominated the $103 billion group's finances. Prosus has a listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. Prosus has meaningful investments in Tencent (www.tencent.com; SEHK:00700), Mail.ru (www.corp.mail.ru; LSE:MAIL), Ctrip.com International Limited (“Ctrip”) (NASDAQ:CTRP), and DeliveryHero (www.deliveryhero.com; Xetra:DHER). Prosus free cash flow jumped from $14 million to $370m, driven by lower food losses, strong working-capital management and a $81m increase in Tencent dividend. The idea is that this will unlock value as local asset managers are unable to hold Naspers at full weighting, or even close to full weighting. Following a c. 24% rally in the Tencent share price (Naspers owns a 31% stake of the Hong Kong-listed tech Group, which accounts for >80% of Naspers’ net asset value [NAV)]) from c. 4 December 2019 to Monday’s (13 January) close, we highlight what has happened to the Naspers and Prosus discount to NAV below. In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies in the country. In research on Smart Karma on January 22, Artherton points out that direct investment in Tencent since the Prosus listing would have outperformed buying either Naspers or Prosus. SENS: Update on Prosus share repurchase and Naspers share purchase. We invest in talented founders and … Naspers wound up selling 22 million Prosus shares, which amounted to 1.4% of Prosus' free-float, bringing Naspers' share of the company down from … 8 December 2020 Fisdom raises fresh round of funding led by PayU. 4 December 2020 More news. 11 December 2020 SENS: Update on Prosus share repurchase and Naspers share purchase. Motley Fool … Sauf erreur, les cessions partielle dans Tencent et le spinoff Naspers / Prosus ont été "tax free". Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the Johannesburg Stock Exchange (XJSE:PRX), and is majority owned by Naspers … A noter également que Prosus "pourrait" également prochainement intégrer l’eurostoxx 50 en septembre 2020. Ce nouveau groupe devrait comprendre les actifs international de Naspers tels que Tencent, mail.ru, OLX, Avito, letgo, PayU, iFood, Swiggy, DeliveryHero, Udemy, eMAG et MakeMyTrip. 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