On 25 March 2019, Naspers announced its intention to list its international internet assets on Euronext Amsterdam with a secondary, inward listing on the Johannesburg Stock Exchange in South Africa.
- As a global consumer internet group and one of the largest technology investors in the world, the new group is likely to become the largest listed consumer internet company by asset value in Europe.
- The new group will be a strategic investor and operator, and focus on long-term value creation by building leading technology companies that improve people’s daily lives in high-growth markets.
- Naspers plans to list the new group on Euronext Amsterdam on Wednesday 17 July 2019, along with a secondary, inward listing on the Johannesburg Stock Exchange (JSE) in South Africa.
On 29 May 2019 Naspers released a circular to shareholders, convening an Extraordinary General Meeting (EGM) to be held on Friday 28 June 2019, regarding its intention to form a new global consumer internet group (NewCo) comprised of its international internet assets.
Bob van Dijk, Naspers Chief Executive Officer
“Forming and listing a new, global consumer internet group on Euronext Amsterdam is a significant step for Naspers. It will provide a strong platform to attract incremental investor capital, which is well-aligned to our growth goals. The listing will present an appealing new opportunity for international tech investors to have access to our unique portfolio of international internet assets. It will comprise some of the world’s leading and fastest-growing internet companies that are playing an increasingly important role in helping people improve their daily lives in some of the most exciting markets on the planet. As well as opening up investment to a broader category of investors, the listing aims to reduce our weighting on the Johannesburg Stock Exchange, which we believe will help us maximise shareholder value over time.”