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Stock impact report

RPT-Naspers spin-off Prosus surges 25% on market debut in Amsterdam [Reuters]

NASPERS LTD S/ADR (NPSNY) 
Company Research Source: Reuters
RPT-Naspers spin-off Prosus surges 25% on market debut in Amsterdam - Reuters 4 Min Read (Repeats story to adjust format) * Prosus becomes 3rd biggest stock on Amsterdam exchange * Prosus holds 31% stake in Tencent worth $130 billion * Prosus is investment vehicle for BRIC consumer internet * South Africa’s Naspers to retain 75% stake, control By Toby Sterling AMSTERDAM, Sept 11 (Reuters) - Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. Prosus comprises Naspers’ global empire of consumer internet assets, with the jewel in the crown a 31% stake in Chinese tech titan Tencent. There is “way more demand than is even available, so that’s good,” said the CEO of Euronext Amsterdam, Maurice van Tilburg. “It’s going to be an interesting hour of trade after opening this morning.” Euronext had given an indicative price of 58.70 euros per share for Prosus, implying a market value of 95.3 b Show less Read more
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