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. This new group to be listed on Euronext Amsterdam will be called Prosus.
- As a global consumer internet group and one of the largest technology investors in the world, Prosus is likely to become the largest listed consumer internet company by asset value in Europe.
- Prosus 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.
- Shareholder approval to be sought at EGM on 23 August 2019.
- Subject to the valid adoption of the resolution required, Naspers expects the proposed transaction to be implemented in September 2019.
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.”