NASPERS LIMITED - Flipkart Disposal Transaction Closed

Release Date: 20/08/2018 08:45
Code(s): NPN
 
Wrap Text
Flipkart Disposal Transaction Closed

NASPERS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1925/001431/06)
Share code: NPN & ISIN: ZAE000015889
LSE ADS code: NPSN & ISIN: US6315122092
(“Naspers” or the “Group” or the “Company”)


FLIPKART DISPOSAL TRANSACTION CLOSED

Naspers announced a transaction on 9 May 2018 to sell its 11.18% stake in Indian ecommerce
company Flipkart, to US-based retailer Walmart (NYSE: WMT) for US$2.2bn.

Shareholders are advised that all regulatory conditions have been met and that the transaction closed
effective 18 August 2018.

Proceeds will be used to reinforce Naspers’ balance sheet and will be invested over time to accelerate
the growth of Naspers’ classifieds, online food delivery and fintech businesses globally, and to pursue
other exciting growth opportunities when they arise.


CAPE TOWN
20 August 2018
Sponsor: Investec Bank Limited


For more information, please contact:
Meloy Horn
Head of Investor Relations
meloy.horn@naspers.com
+27 11 289 3320

Shamiela Letsoalo
Media Relations Director, South Africa
shamiela.letsoalo@naspers.com
+27 11 289 3750
+27 78 802 6310


About Naspers

About Naspers Founded in 1915, Naspers is a global internet and entertainment group and one of the
largest technology investors in the world. Operating in more than 120 countries and markets with
long-term growth potential, Naspers builds leading companies that empower people and enrich
communities. It runs some of the world’s leading platforms in internet, video entertainment, and
media.




                                                                                                     
Naspers companies connect people to each other and the wider world, help people improve their daily
lives, and entertain audiences with the best of local and global content. Every day, millions of people
use the products and services of companies that Naspers has invested in, acquired or built, including
Avito, Brainly, Codecademy, eMAG, ibibo, iFood, letgo, Media24, Movile, MultiChoice, OLX, PayU,
Showmax, SimilarWeb, Swiggy, Twiggle, and Udemy.

Similarly, hundreds of millions of people have made the platforms of its associates a part of their daily
lives: Tencent (www.tencent.com; SEHK 00700), Mail.ru (www.corp.mail.ru; LSE: MAIL), MakeMyTrip
Limited (www.makemytrip.com; NASDAQ:MMYT) and DeliveryHero (www.deliveryhero.com; Xetra:
DHER).

Naspers is listed on the Johannesburg Stock Exchange (NPN.SJ) and has an ADR listing on the London
Stock Exchange (LSE: NPSN).

For more information, please visit www.naspers.com.




                                                                                                       

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