{"id":481439,"date":"2021-04-07T12:35:48","date_gmt":"2021-04-07T10:35:48","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=481439"},"modified":"2021-04-07T12:35:48","modified_gmt":"2021-04-07T10:35:48","slug":"naspers-owned-prosus-to-raise-14-6-billion-in-tencent-share-sale","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/481439\/naspers-owned-prosus-to-raise-14-6-billion-in-tencent-share-sale\/","title":{"rendered":"Naspers-owned Prosus to raise $14.6 billion in Tencent share sale"},"content":{"rendered":"

Prosus plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant Tencent Holdings to fund growth ventures.<\/p>\n

The Amsterdam-listed e-commerce firm will sell a 2% stake in Tencent, reducing its holding to just under 29%, according to a statement on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price.<\/p>\n

Prosus is cashing on one of the all-time great venture-capital investments. Naspers, the company\u2019s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure Web firm. The shares are now worth about $239 billion.<\/p>\n

Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.<\/p>\n

Prosus shares fell as much as 5% in Amsterdam.<\/p>\n

\n

Read: Naspers sees earnings slide on Prosus listing<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Prosus plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant Tencent Holdings to fund growth ventures.<\/p>\n","protected":false},"author":59,"featured_media":481447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26,15103],"class_list":["post-481439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline","tag-prosus"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/481439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=481439"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/481439\/revisions"}],"predecessor-version":[{"id":481449,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/481439\/revisions\/481449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/481447"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=481439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=481439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=481439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}