Skip to main content

Naspers forms new global consumer internet group, plans to list portfolio on Euronext

Naspers sets up NewCo, comprised of its global consumer internet assets, with plans to list on Euronext Amsterdam

South African multinational internet and media group Naspers has announced its intention to list its array of internet assets on the Euronext Amsterdam stock exchange under NewCo, a new group comprised of Naspers’ international internet assets.

NewCo will become Europe’s largest listed consumer internet firm by asset value if the plans go ahead.

Amongst these assets is Naspers’ US$134bn stake in Tencent, one of China’s largest tech companies and the biggest video game publisher by revenue in the world.

Other brands in Naspers’ portfolio include Swiggy,, OLX, letgo, Avito, PayU, Avito, iFood, DeliveryHero, Udemy, eMAG and MakeMyTrip.


75% of NewCo will be owned by Naspers, with the remaining 25% to be floated on Euronext Amsterdam.

“Forming and listing a new, global consumer internet group on Euronext Amsterdam is a significant step for Naspers. It will provide a strong platform to attract incremental investor capital, which is well-aligned to our growth goals,” said Bob van Dijk, CEO of Naspers, in the firm’s press release.

“[The listing] will comprise some of the world’s leading and fastest-growing internet companies that are playing an increasingly important role in helping people improve their daily lives in some of the most exciting markets on the planet.”

Van Dijk added: “As well as opening up investment to a broader category of investors, the listing aims to reduce our weighting on the Johannesburg Stock Exchange, which we believe will help us maximise shareholder value over time.”

Facebook Conversations



Gigabit Weekly