Technology
Monday, September 18th, 2023 1:49 pm EDT
Key Points
- The Dutch-based e-commerce investor, Prosus, won shareholder and regulatory approval to unwind its complex ownership.
- The South African Reserve Bank gave Naspers the greenlight to begin buying back more of its shares from Prosus.
The CEO of Naspers and Prosus, Bob van Dijk, is leaving his position, marking a significant development for the company. This departure follows the complex restructuring and unwinding of ownership structures involving Prosus, Naspers, and their investments in Chinese tech giant Tencent.
The move aims to simplify the corporate structure and improve shareholder value. Erwin Tu, Prosus’ group chief investment officer, has been named interim CEO, with the possibility of becoming permanent CEO. The company’s strategic goals remain unchanged, but the change in leadership comes after shareholder objections regarding executive pay and the company’s complex ownership arrangements.
Read the full article here: https://www.cnbc.com/2023/09/18/tencent-investors-naspers-and-prosus-announce-abrupt-departure-of-ceo.html
