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Prosus says Naspers exchange successful, cross-structure deal to proceed

AMSTERDAM, Aug 13 (Reuters) - Prosus, the technology investor, said on Friday that all conditions of its offer to buy Naspers shares have been met and a deal to set up a cross-holding structure between the two companies will proceed.

Under the terms of the deal first announced in May, Prosus is buying up to 45.4% of Naspers’ shares, issuing new Prosus shares to pay for them. (Reporting by Toby Sterling; editing by Barbara Lewis)

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