Naspers Ltd (NPNJn.J)
20 Mar 2018
JOHANNESBURG Naspers is cutting its stake in lucrative Chinese investment Tencent by as much as 2 percent in a deal that could net the South African media and e-commerce group up to $11 billion.
* Shares slump 5 percent (Adds analysts comment, value for stake)
JOHANNESBURG, March 22 South Africa's Naspers said on Thursday it would sell 2 percent of its shares in China's Tencent Holdings to reinforce its balance sheet and to accelerate growth, sending its shares down 3 percent.
* TO SELL UP TO 190 MILLION TENCENT SHARES, EQUAL TO 2% OF TENCENT'S TOTAL ISSUED SHARE CAPITAL, REDUCING STAKE IN TENCENT FROM 33,2% TO 31,2%
JOHANNESBURG South Africa's rand weakened against the dollar on Friday as investors took a cautious tone towards the currency ahead of rating decision by Moody's, while stocks ended the week lower as bourse heavyweight Naspers fell.
JOHANNESBURG, March 16 South Africa's rand weakened against the dollar on Friday as investors took a cautious tone towards the currency ahead of rating decision by Moody's, while stocks ended the week lower as bourse heavyweight Naspers fell.
* NASPERS LTD - MARK SOROUR EXECUTIVE DIRECTOR AND GROUP CHIEF INVESTMENT OFFICER OF NASPERS, HAS DECIDED TO RETIRE AFTER MORE THAN 20 YEARS WITH GROUP
SAO PAULO, Feb 21 Online marketplace OLX Brasil plans to boost investments by 21 percent this year in an aggressive bid to gain scale amid an e-commerce boom sweeping Latin America's largest economy.
* RAISES $100 MILLION IN SERIES F FUNDING FROM NASPERS AND MEITUAN-DIANPING Source text: [Swiggy, India’s leading food ordering and delivery platform, announced today that it has raised USD 100 million in Series F funding, its largest round yet. Led by Naspers, a global internet and entertainment group, and one of the world’s largest technology investors, the Series also includes new investor Meituan-Dianping, China's largest service e-commerce platform.]
JOHANNESBURG, Feb 1 South Africa's rand weakened against the dollar on Thursday, with market attention pinned on President Jacob Zuma's future, while market-heavyweight Naspers weighed on the bourse.