Naspers reaps USD 2.2 billion from Flipkart stake sale

Wednesday 22 August 2018 | 09:55 CET | News
Naspers says it has concluded the sale of its 11.2 percent stake in Indian e-commerce company Flipkart, realising USD 2.2-billion in proceeds. The sale to Walmart was announced in May. According to Naspers, all regulatory requirements and pre-conditions were met and the transaction closed with effect from 18 August. 

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Categories: Internet
Companies: Naspers
Countries: India / World
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