Africa’s largest and most valuable technology investor, Naspers said it will be floating up to 27% of its stakes in its Euronext listing.

Earlier this year, Naspers did announce that it plans to list o list its international internet assets on the Euronext Amsterdam on Wednesday 17 July 2019.

In a circular to its shareholders, Naspers said it will retain “73% of NewCo and the free float is expected to be up to 27%, created by Naspers through a capitalisation issue of NewCo shares to Naspers shareholders”

Companies and assets under the listing are, OLX, Avito, letgo, PayU, the company’s 30% stakes in China’s Tencent, iFood, Swiggy, DeliveryHero, Udemy, eMAG, and MakeMyTrip

South Africa’s Naspers has been selling off non-core Internet companies in its portfolio while quitting some markets altogether.

Earlier this year, Naspers listed its entertainment unit, Multichoice Africa, a subsidiary that operates DSTV, MNet, SuperSport and other content platforms.

By PageOne

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