Prosus to move forward with complex share swap 🔒
Technology investor Prosus said on Friday all conditions for 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.
Prosus, which houses Naspers’s global internet business including a nearly one-third stake in Tencent, in May unveiled the latest in a string of attempts to close the valuation gap between its market value and component parts, offering to buy up to 45.5% of its parent in exchange for its own shares...
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