Prosus lists on Euronext

AMSTERDAM: Euronext has congratulated Prosus (PRX), the global consumer internet group and one of the largest technology investors in the world, on its listing in Amsterdam.

The listing of Prosus on Euronext Amsterdam further strengthens Euronext’s position as the leading European platform for global tech companies who seek access to the worldwide capital markets.

Prosus will become Europe’s largest listed consumer internet company by asset value. In addition to its listing on Euronext Amsterdam, Prosus will have a secondary listing on the Johannesburg Stock Exchange.

Prosus comprises the international internet assets of Naspers, Africa’s most valuable company. Prosus is a strategic investor and an operator of fast-growing consumer internet businesses, particularly focused on online classifieds, payments and fintech, and food delivery in markets including India, Russia and Brazil. Its ventures arm pursues new growth opportunities with investments in edtech and health, among others. Prosus also has meaningful investments in leading internet companies Tencent, and Ctrip.

Naspers will be the majority shareholder of Prosus, holding at least a 73% stake in the group alongside its South African businesses, Takealot and Media24. The remaining Prosus shareholding will be the free float created through a capitalisation issue, the results of which are expected to be announced on Monday, 16 September 2019.

Bob van Dijk, Group CEO of Prosus and Naspers, says: “The listing of Prosus is an exciting step forwards for the group, giving global technology investors direct access to our unique and attractive portfolio of international consumer internet businesses. We operate and invest globally in markets with long-term growth potential, and our companies and associates help improve the daily lives of around a fifth of the world’s population.

The listing on Euronext Amsterdam provides a strong foundation for our future growth ambitions. We will continue to seek opportunities to partner with exceptional entrepreneurs who are using technology to address big societal needs, and to create value for our shareholders.”

To mark Prosus’s first trading day, Bob van Dijk, Group CEO of Prosus and Naspers, sounds the gong to open the markets in Amsterdam.

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