AMSTERDAM, May 12 (Reuters) – Amsterdam-based technology investor Prosus NV on Wednesday announced plans to acquire up to 45.4% of its parent Naspers of South Africa by issuing new shares.
Naspers, which has a controlling stake in Prosus and would remain majority owner, hopes the deal will improve valuation for both companies.
Both trade at a discount to the value of the massive 28.9% stake Prosus holds in Chinese software and gaming giant Tencent Holdings.
Prosus shareholders would benefit, CEO Bob van Dijk said in a statement, as Naspers shares trade at a deeper discount to the value of the Tencent stake than Prosus shares do.
(Reporting by Toby Sterling; editing by Jason Neely)