September 11, 2019 / 10:39 AM / 10 days ago

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

Bob van Dijk, CEO of Naspers and Prosus Group poses at Amsterdam's stock exchange, as Prosus begins trading on the Euronext stock exchange in Amsterdam, Netherlands, September 11, 2019. REUTERS/Piroschka van de Wouw

JOHANNESBURG (Reuters) - Shares in South Africa’s e-commerce giant Naspers (NPNJn.J) tumbled more than 30% on Wednesday following the market debut of its spin-off Prosus PRX.AS 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 (0700.HK).

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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