Naspers, a multinational internet and media group headquartered in South Africa plans to list in Amsterdam on July 17.
Naspers said it will own at least 73% of the Amsterdam-listed entity retaining its primary listing on the JSE and a secondary listing on A2X.
It would also not lose its inclusion in JSE indices and would directly own Media24, Takealot and Property24.
Bob van Dijk, CEO Naspers said, “The planned listing of our international internet assets on Euronext Amsterdam is progressing well, and we believe that it will present a new and attractive opportunity for global tech investors to access our unique portfolio. Since we announced the transaction in March, we have been encouraged by the positive response from investors. The mechanics of the transaction outlined in today’s circular are designed to provide flexibility to our shareholders, and we expect that the listing will help us maximise shareholder value over time.”