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Naspers plans NewCo listing for mid-July

Wednesday 29 May 2019 | 08:44 CET | News
Naspers has released a circular to shareholders to convene an Extraordinary General Meeting (EGM) on 28 June regarding its intention to list a new global consumer internet group called NewCo, made up of the company's international internet assets. Naspers plans to list the new group on Euronext Amsterdam on 17 July along with a secondary, inward listing on the Johannesburg Stock Exchange (JSE) in South Africa. Naspers expects to own no less than 73 percent of NewCo and the free float is expected to be up to 27 percent, created by Naspers through a capitalisation issue of NewCo shares to

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Categories: Internet
Companies: Naspers
Countries: World
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