Prosus, the technology investor, mentioned on Friday that every one situations of its supply to purchase Naspers shares have been met and a deal to arrange a cross-holding construction between the 2 firms will proceed.
Beneath the phrases of the deal first introduced in Might, Prosus is shopping for as much as 45.4% of Naspers’ shares, issuing new Prosus shares to pay for them.
The brand new shares can be issued and listed on Monday, Prosus mentioned in a press release. After the deal, Prosus can have an financial curiosity of round 60% within the firms’ belongings, together with the $167 billion value of shares they personal in Chinese language web big Tencent
Naspers can have an financial curiosity of round 40% however retain voting management over Prosus through shares with particular voting rights. The businesses share a single board.
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