27 Jun 2023

FY 23: closing the NAV discount rift ?

Prosus N.V. Class N (PRX:AMS) | 0 0 0.0%

- Saïma HUSSAIN
- 3 pages

Although 2023 was not a particularly good year for Prosus, penalised by the fall in earnings from its largest shareholding, Tencent, Prosus recorded a 6% rebound in its share price today. The reason: Prosus has announced the end of its cross-holding structure with Naspers. The transaction, which is expected to close in September 2023, should reduce the discount on Prosus’ NAV.

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FY 23: closing the NAV discount rift ?

Prosus N.V. Class N (PRX:AMS) | 0 0 0.0%

Published: 27 Jun 2023
Author: Saïma HUSSAIN
Pages: 3

Although 2023 was not a particularly good year for Prosus, penalised by the fall in earnings from its largest shareholding, Tencent, Prosus recorded a 6% rebound in its share price today. The reason: Prosus has announced the end of its cross-holding structure with Naspers. The transaction, which is expected to close in September 2023, should reduce the discount on Prosus’ NAV.