Investing Basics If it persists, Naspers management may be forced to spin off more of Prosus, or even break it up further into different parts, such as by separating Tencent from the other companies it owns in food delivery, fintech, and other online classifieds.Still, it appears that fully closing the gaps separating Naspers, Prosus, and Tencent may take more patience on the part of Naspers investors.Stock Advisor launched in February of 2002. Alongside the Tencent stake, the new company will hold businesses from Brazil to Germany in industries such as online food delivery and classified advertising.A value of $100 billion would make only Royal Dutch Shell Plc and consumer-goods giant Unilever bigger in Amsterdam by market capitalization. The spin off is expected to be tax free and the new company will trade on the NYSE under the ticker ‘ALC’. Join over 300,000 Finance professionals who already subscribe to the FT.FT print edition delivered Monday - Saturday along with ePaper accessPremium FT.com access for multiple users, with integrations & admin toolsPurchase a Trial subscription for $1.00 for 4 weeks You will be billed $67.00 per month after the trial endsPurchase a Digital subscription for $7.10 per week You will be billed $39.50 per month after the trial endsYou will be billed $16.59 per month after the trial endsPurchase a Team or Enterprise subscription for per week
The transaction is expected to take place no earlier than the second half of 2019. That increase closed much of the gap with the value of the Tencent stake, as planned.
In this case it appears investors have owned Naspers in order to get Prosus. 100% Upvoted. Cumulative Growth of a $10,000 Investment in Stock AdvisorNaspers' Prosus Spinoff Hasn't Gone Quite as Planned (Yet) @themotleyfool #stocks $NPSNY $PROS.Y $TCEH.Y And the bigger Tencent got, the bigger the discount at which Naspers traded relative to the value of its Tencent stake alone.That's why Naspers decided to take action earlier this year and announced a When Prosus was listed on the Euronext exchange last week, the stock immediately soared 30%, from the reference price of 58.70 euros to a high of 76 euros on its first trading day. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life.
“In addition to Tencent’s outperformance, we expect the recent compression in the holding company’s discount to be sustained as it reduces its South African sovereign exposure.”Prosus had net income of about $1.4 billion for the three months through June, compared with $1.1 billion the previous year, Naspers said.JPMorgan, Goldman Sachs Group Inc. and Morgan Stanley are the main financial advisers on the Prosus listing. Naspers' discount to Tencent has actually widened since the Prosus spin.
That's compared to the value of the Tencent stake at $129 billion -- still a discount, though one not nearly as large as before. Thanks to reader AH for pointing out that we missed Naspers (NPSNY) spinoff of its Pay-TV business, MultiChoice Group… Read More » It is not yet clear if the spin-off The State AdmiDiscover new investment ideas by accessing unbiased, in-depth investment researchOther OTC - Other OTC Delayed Price. Created with Highcharts 8.1.0 The responses make me feel better....bed time routine for my 5 year old girl is.....e x t e n d e d