Author Bio
I love looking at the story behind investments from an interdisciplinary point of view, with an equal appetite for high-growth disruptors and beaten-down value names.
One of the more intriguing international stocks is
Prosus (OTC:PROSY), the European technology holding company spun out of South African media giant
Naspers (OTC:NPSNY) in 2019. Best known for its famous investment in
Tencent (OTC:TCEHY) back in 2001, Naspers/Prosus still retains a huge stake in the internet giant, making Naspers the biggest company in South Africa by a wide margin, and prompting the spinout of Prosus to European exchanges.
Despite having several other impressive business holdings under its corporate umbrella, Prosus/Naspers has long traded at a discount to the value of its Tencent stake alone, which still accounts for an overwhelming portion of Prosus value.
Prosus Makes Its Big Move With Tencent Sale: 4 Things It Can Do With Its Billions fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.