September 11 - 13:09
Naspers spin-off Prosus just became one of Europe's biggest firms
South African firm Naspers has spun off its 31% stake in Tencent to create Prosus, a new company on Amsterdam's stock exchange. The firm's value has soared to €123 billion in first-day trading. Naspers is reaping the rewards of its early punt on Tencent - it paid just $32 million for its original stake. It now aims to focus on growing business in online classifieds, food delivery, and fintech.
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