Naspers, the South African company with a $134 billion stake in Tencent, is creating a European-traded tech giant
JOHANNESBURG—Africa’s most valuable company, Naspers Ltd., plans to separately list its internet assets in Amsterdam, creating a European traded tech giant that will house its $134 billion stake in China’s Tencent Holdings Ltd.
The new entity will consist of all the conglomerate’s internet interests outside of South Africa, including its 31% stake in Tencent, as well as holdings in Russian social-media operator Mail.ru Group Ltd. and U.S. online marketplace Letgo.
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