0
Broadband

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

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Naspers
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Naspers completes MakeMyTrip share exchange with Ctrip

Published 06 Sep 2019 09:39 CET | World
Naspers said it has completed the exchange of its stake in MakeMyTrip for a 5.6 percent stake in Ctrip.com International, a ...

Naspers confirms Prosus listing for 11 September

Published 22 Jul 2019 10:09 CET | World
Naspers has set a date of 23 August for the extraordinary general meeting for shareholders to vote on the listing of its ...

PayU buys majority stake in Singapore's Red Dot Payment

Published 05 Jul 2019 10:33 CET | Asia
Naspers' payments and fintech business PayU has acquired the majority stake in Red Dot Payment, a Southeast Asian online payment ...

Naspers expects FY HEPS to rise by 124%

Published 13 Jun 2019 11:38 CET | Africa
Naspers said it expects headline earnings per share (HEPS) from continuing operations to rise by between 121 percent and 124 ...

PayU acquires Turkish company Iyzico for USD 165 mln

Published 12 Jun 2019 14:18 CET | Turkey
Naspers subsidiary PayU has reached an agreement to buy Turkish digital payments company Iyzico for USD 165 million. The ...

Naspers appoints Girotra to board of internet company

Published 07 May 2019 09:18 CET | World
Naspers has appointed Manisha Girotra as an independent non-executive director for NewCo, its new global consumer internet group. ...

Naspers to spin off internet brands, list NewCo on Euronext Amsterdam

Published 25 Mar 2019 09:53 CET | World
Naspers has announced its intention to list NewCo, a new global consumer internet group, on Euronext Amsterdam. NewCo will also ...