Prosus NV : Divestment of 2% of Tencent's capital, ahead of a new share buyback?
>A share sale just days after the end of the lock-up period - Yesterday, Prosus announced the placement on the market of 191,890 Tencent shares, representing around 2% of the Chinese group’s capital. This comes just days after the end of the 3-year lock-up period. This deal should enable Prosus to obtain a cash amount of up to $ 14.7bn, untaxed given that the group is domiciled in the Netherlands. This is the second time that Prosus/Naspers has sold shares. The last t...Prosus NV Formerly known as Myriad International Holdings NV. Prosus NV, formerly Myriad International Holdings NV, is a Netherland-based global consumer Internet group. The Company is organized into six business areas: Classifieds, Payments & Fintech, Food delivery, Etail, Ventures and Travel. It also holds investments in listed Social & Internet assets. The Classifieds business area manages mobile and digital marketplaces. The Payments & Fintech business area includes PayU, a Payment Service Platform. The Food delivery business area manages food delivery companies. The Travel business area operates a travel online platform. The Etail business area includes business to consumer e-commerce companies. The Venture business area looks for and invests in early stage companies.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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