Prosus CEO Bob van Dijk. The share sell-off would reduce Prosus' stake in Tencent from 30,9% to 28,9%. Photo: Jasper Juinen/Bloomberg Elite International Firms Pile Into South African Tencent Deal
Several international law firms are assisting South African company Naspers' subsidiary Prosus in the sale of some of its shares in Chinese tech giant Tencent.
April 13, 2021 at 06:49 AM
2 minute read
A raft of elite firms including Webber Wentzel, Paul Weiss Rifkind Wharton & Garrison, Freshfields Bruckhaus Deringer and Allen & Overy are leading as South African internet major Naspers' subsidiary Prosus sells off a portion of its shares in Chinese tech giant Tencent.
Consumer internet company Prosus announced its intention to sell up to 191,890,000 shares in Tencent, which is equal to 2% of the latter's total issued share capital. The sale completed Monday.
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