The original article can be found here.
Article Highlights:
- Consumer internet giant Naspers said it is looking to wrap up its complex cross-holding structure with subsidiary Prosus in order to continue share buybacks.
- SA company rules limit how many shares a subsidiary can buy in a parent, but removing the cross-holding means it won’t need to buy shares through one.
- Naspers on Tuesday reported its trading loss widened in 2023, but Prosus upped its dividend, and the group’s shares leapt by almost double digits.
