Tencent's main shareholder Prosus nets $15 billion from record stock sale

Prosus (PROSY), a spin-off by South African media and internet investment firm Naspers (NAPRF), sold a 2% stake in Tencent (TCEHY) for 114.2 billion Hong Kong dollars ($14.7 billion), the Chinese tech giant said in a Hong Kong Stock Exchange filing on Thursday. Tencent, which reported a strong financial year during the pandemic, is by far Nasper’s most successful investment.The deal is the biggest block trade ever, according to data provider Refinitiv. Block trades are typically arranged directly between big institutional investors rather than on public stock exchanges.Tencent’s stock dropped 1.5% on Thursday in Hong Kong after the news. It has gained about 80% since Prosus was listed on

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