Er hoffte, dass der Wert der Internetbeteiligungen des Konzerns … Note also that the stakeholder would need to fund the CGT. Accepting shares in Prosus will trigger a tax event – requiring the payment of tax on what in for some are spectacular capital gains. Analysts weigh the possibilities for Naspers unit after Adevinta buys eBay’s online classifieds business BL PREMIUM
The final sale was made at 67.50 euros, a discount to where shares were trading at that time, but a bit higher than Prosus' current share price after a week of coronavirus fears.Fortunately, this move does not appear to be a "one and done," as Naspers just recently took another small, yet meaningful action toward closing that wide valuation gap.Naspers does have a pretty good track record of selling at high points.
That may be why the company is only "dipping its toe" in the sale-and-buyback process at this point. In early 2018, Naspers sold 6% of its stake in Tencent, just before the a video game ban in China and the global trade war tanked Tencent's stock. ... Naspers spinoff Prosus soared in … Yes, there is every possibility of a value unlock but this is by no means a certainty.
Rather than having to pay more later.Naspers’s newly created subsidiary Prosus which will house the group’s global internet assets including its 31% stake in Tencent, had a bumpy birth.
A new global consumer internet group On 25 March 2019, Naspers announced its intention to list its international internet assets on Euronext Amsterdam with a secondary, inward listing on the Johannesburg Stock Exchange in South Africa. Prosus is 73.8% owned by Naspers, with a free float of 26.2%. As of February 10, the Naspers discount to NAV was 42.6%, at the upper end of its long-term historical range.
For another, a cash-hungry SA Treasury is sure to soon consider bumping up the tax rate on capital gains. So it seems best to take the pain now. Naspers spinoff Prosus listed on the JSE on Wednesday and opened at R1 238 a share. So if Naspers quickly repurchases stock, it will see an immediate 17% rate of return.Thus, more availability for indexes and institutions could actually spur interest, hopefully closing more of the gap between Prosus and its net asset value. Im September 2019 brachte Naspers-Chef Bob van Dijk dann Prosus in Amsterdam an die Börse. The offerings are expected to close on 3 August 2020, subject to customary closing conditions.”“It is expected that this financing will be ratings neutral for Prosus,” the company said.Prosus assets comprise its international internet interests outside of South Africa, including operations and investments in online classifieds, food delivery, payments and FinTech, etail, education, and social and internet platforms.The company has made an application to Euronext Dublin to admit the bonds to listing on the Official List of Euronext Dublin and trading on the regulated market thereof.
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