News Stocks 

A South African company just created Europe’s biggest consumer tech group

“, the South African media company that hit the jackpot with an early investment in, on Wednesday spun out its 31% stake in the Chinese internet group by listing a new company on Amsterdam’s stock exchange” writes Cnn Business for cnn.com. Naspers has previously sold stakes in Indian e-commerce company Flipkart and Poland-based online marketplace Allegro Group at substantial profits.Naspers will continue to own at least 73% of Prosus, which also holds other technology assets such as stakes in restaurant app Delivery Hero, online classifieds business OLX Group and Russian internet company Mail.ru.
 
Source: cnn.com



Related posts