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Prosus CEO Bob van Dijk. The share sell-off would reduce Prosus’ stake in Tencent from 30,9% to 28,9%. Photo: Jasper Juinen/Bloomberg

A raft of elite firms including Webber Wentzel, Paul Weiss Rifkind Wharton & Garrison, Freshfields Bruckhaus Deringer and Allen & Overy are leading as South African internet major Naspers’ subsidiary Prosus sells off a portion of its shares in Chinese tech giant Tencent.

Consumer internet company Prosus announced its intention to sell up to 191,890,000 shares in Tencent, which is equal to 2% of the latter’s total issued share capital. The sale completed Monday.

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Jennigay Coetzer

Jennigay Coetzer is the Africa correspondent for Law.com International. She writes about lawyers and legal issues in South Africa and across the continent. Her coverage includes the business of law, global and domestic law firms, in-house legal departments and regulatory issues. She can be reached at [email protected]

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