S.Africa’s Naspers shares fall more than 30% after Prosus market debut

1 BUSINESS

Business News - Opportunities - Reviews

 

 

JOHANNESBURG, Sept 11 (Reuters) – Shares in South Africa’s e-commerce giant Naspers tumbled more than 30% on Wednesday following the market debut of its spin-off Prosus in Amsterdam.

Prosus comprises Naspers’ global empire of consumer internet assets, with the jewel in the crown a 31% stake in Chinese tech titan Tencent.

Naspers shares were down 31.02% at 2,428 rand by 1021 GMT. (Reporting by Onke Ngcuka, editing by Louise Heavens)

1 BUSINESS

Business News - Opportunities - Reviews

 

 

Leave a Reply