Prosus Sells JD.com Stake to Raise $3.67 Billion
27 Juin 2022 - 10:14AM
Dow Jones News
By Clarence Leong
Naspers Ltd. unit Prosus NV has disposed of its entire stake in
Chinese company JD.com Inc. for about $3.67 billion.
Amsterdam-based internet company Prosus said Monday that its
sale of JD.com shares, which amounted to a roughly 4% stake, was
carried out through several sales on the open market and concluded
last Friday.
Prosus carried out the disposal in part because JD.com "doesn't
form part of the group's core strategic focus," it said. It plans
to use the proceeds for general corporate and liquidity
purposes.
Tencent Holdings Ltd. in December issued class-A ordinary shares
of JD.com to some of its shareholders, including Prosus, as an
interim dividend to substantially reduce its stake in the
e-commerce giant. Prosus had received more than 131 million
shares.
Write to Clarence Leong at clarence.leong@wsj.com
(END) Dow Jones Newswires
June 27, 2022 03:59 ET (07:59 GMT)
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