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Naspers Ltd (NPNJn.J)

NPNJn.J on Johannesburg Stock Exchange

23 May 2017
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-43.44 (-0.02%)
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Latest Key Developments (Source: Significant Developments)

Kreditech receives 110 mln euros investment from Naspers unit PayU
Wednesday, 10 May 2017 06:00am EDT 

May 10 (Reuters) - Kreditech Holding SSL GmbH::Kreditech receives 110 mln euro investment from PayU and expands strategic partnership.PayU and Kreditech agree global partnership to increase access to credit services in high growth, emerging markets.Will expand LAAS offering and deliver AI and machine-learning credit technology to PayU’s 300,000-strong network of merchants.PayU has acquired a significant minority stake in Kreditech.  Full Article

South Africa's Competition Commission refers Media24, Novus merger to competition tribunal
Tuesday, 4 Apr 2017 09:15am EDT 

South Africa's Competition Commission: Refers Media24 and Novus merger to competition tribunal . Recommends approval with merger subject to divestiture where Media24 will no longer control Novus . Of view that divestiture alleviates any competition or public interest concerns that may have been identified Further company coverage: [NPNJn.J] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Naspers updates on Media24 Ltd competition appeal court ruling
Monday, 3 Apr 2017 06:00am EDT 

Naspers Limited : Update on Media24 proprietary limited competition appeal court ruling announcement . Competition Commission has decided to recommend merger filing for approval to competition tribunal . Competition commission recommendation subject to condition that Media24 divest itself of majority of its shareholding in Novus . Competition Commission recommendation allows Media24 to retain a non-controlling minority stake in novus of 19 pct . Merger condition, including proposed 19 pct, remains subject to final approval of competition tribunal . Competition tribunal approves merger condition, media24 will unbundle majority of its shareholding in novus to shareholders of naspers .Naspers will provide further details of unbundling to shareholders at appropriate time..  Full Article

Russia's Megafon signs 35 bln rbl loan deal with Sberbank
Wednesday, 8 Feb 2017 02:05am EST 

Megafon says: Megafon and Sberbank have agreed on the opening of a 35 billion rouble ($588.62 million) credit line until 2024 to help finance Megafon's acquisition of a stake in Mail.ru ; . Sberbank will also lower interest rates on three existing credit lines worth a total of 97.2 billion roubles. Further company coverage: [MFON.MM] ($1 = 59.4613 roubles) (Reporting by Moscow Newsroom) ((maria.kiselyova@thomsonreuters.com)).  Full Article

Naspers says 6-months trading profit up 21 pct
Friday, 25 Nov 2016 09:00am EST 

Naspers Ltd : Condensed consolidated interim report for the six months ended 30 September 2016 . Trading profit increased 21% to $1.5 billion for 6 months ended Sept. 30 . Volatility of emerging-market currencies reduced performance when translated to US dollars .Co expects to accelerate letgo's development spend to further strengthen its position in US classifieds market.  Full Article

Naspers sells Allegro, Ceneo for $3.25 bln
Friday, 14 Oct 2016 10:00am EDT 

Naspers Ltd : JSE: NPN - Sale Of Grupa Allegro Sp.Z.O.O. And Ceneo S.P.Z.O.O . Deal for total consideration of us$3.253bn . Sale to funds advised by private equity firms Cinven, Permira and Mid Europa . Proceeds will be used to repay debt, fund continued scaling of ecommerce businesses, and finance new acquisitions .Closing of deal expected before end of fiscal 2017.  Full Article

S.Africa's Competition Tribunal imposes credit guarantee on Media 24
Tuesday, 6 Sep 2016 07:38am EDT 

South Africa's Competition Tribunal: Imposed a credit guarantee remedy on Media 24 following finding that it forced out a competitor . Credit guarantee remedy allows current or new publications within Goldfields area to approach Media 24 for specific credit terms .Credit guarantee if taken up operates for three years provided a publication does not default.  Full Article

Naspers FY core headline earnings rise 21 pct to $1.2 bln
Friday, 24 Jun 2016 11:50am EDT 

Naspers Ltd : FY core headline earnings grew 21 pct to us$1.2bn . Consolidated development spend reduced 14 pct to us$708m . FY revenues grew 6 pct (22 pct) to us$12.2bn, driven by growth from tencent and from ecommerce on back of revenue growth in classifieds, travel and etail . Naspers will invest in long-term growth opportunities such as showmax, letgo and ibibo and seek further new promising models . In video entertainment, loss of dth subscribers and falling currencies in sub- saharan africa will have a significant impact on earnings and cash flows . It could take some time before plans implemented to reinvigorate growth and cut costs have a material positive impact .Recommends that annual gross dividend be increased by 11 pct to 520 cents (previously 470 cents) per listed n ordinary share, and 104 cents (previously 94 cents) per unlisted a ordinary share.  Full Article

Naspers Ltd sees FY core HEPS up between 15 and 20 pct
Wednesday, 15 Jun 2016 09:00am EDT 

Naspers Limited : Expect FY core headline earnings per share to be between 15% (38 US cents) and 20% (51 US cents) higher than comparable period's 255 US cents .HEPS for FY is expected to increase by between 0% and 5% from prior period's 167 US cents..  Full Article

Naspers Ltd recommends annual gross dividend
Monday, 29 Jun 2015 12:00pm EDT 

Naspers Ltd:Recommends that the annual gross dividend be increased by 11 pct to 470c (previously 425c) per listed N ordinary share, and 94c (previously 85c) per unlisted A ordinary share.Says If confirmed by shareholders at the annual general meeting on Aug. 28, dividends will be payable to shareholders recorded in the books on Sept. 18.Says last date to trade cum dividend will be on Sept. 11.Ex dividend date is Sept. 14.  Full Article

More From Around the Web

UPDATE 1-South Africa's Naspers in talks with MTN over pay-TV deal

JOHANNESBURG, May 22 South African broadcaster Naspers is in talks with MTN Group to supply pay-TV content to the mobile operator's subscribers, Naspers said on Monday.