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General

Naspers may list parts of its business outside of South Africa

Friday 27 July 2018 | 11:23 CET | News
Naspers is considering listing parts of its global media and technology business outside South Africa as it looks to reduce its size, Bloomberg reported. The company takes "very seriously" the difference in value between its stake in China's Tencent and the firm as a whole, CEO Bob van Dijk said. Naspers's weighting on the Johannesburg's stock exchange of more than 19 percent is also too high and is forcing some investors to reduce their holdings, the CEO added.

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Categories: General
Companies: Naspers / Tencent
Countries: South Africa
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