September 11, 2019 / 10:46 AM / 2 months ago

S.Africa's Naspers shares fall more than 30% after Prosus market debut

Visitors walk past a reception with an electronic board displaying movements in major indices at the Johannesburg Stock Exchange building in Sandton, Johannesburg, South Africa, August 22, 2019. REUTERS/Siphiwe Sibeko

JOHANNESBURG (Reuters) - Shares in South Africa’s e-commerce giant Naspers tumbled more than 30% on Wednesday following the market debut of its spin-off Prosus in Amsterdam.

Prosus comprises Naspers’ global empire of consumer internet assets, with the jewel in the crown a 31% stake in Chinese tech titan Tencent.

Naspers shares were down 31.02% at 2,428 rand by 1021 GMT.

Reporting by Onke Ngcuka, editing by Louise Heavens

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