X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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.

This premium content is reserved for
Law.com International Subscribers.

BENEFITS OF A SUBSCRIPTION INCLUDE:

  • Customized news by region including UK, Asia, Europe, Latin America, Middle East, Africa, and North America
  • Cutting-edge research such as UK Top 100, China 45, and Asia 50
  • Get the inside track on the biggest breaking stories that delve deep into the issues behind the headlines
  • Comprehensive coverage of the dynamic legal market from people moves to the major international jurisdictions
  • Global view into how legal tech, business of law, in-house and regulatory environments are intersecting worldwide

Already a subscriber?

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]

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

Partnerships, Joint Ventures Strategic AlliancesBook

Partnerships, Joint Ventures Strategic Alliances will help you dissect any proposed transaction, spot the legal issues that need to be addressed and achieve a successful...

Get More Information
 
 

Law.com International Newsletters & Briefings

Sign Up Today and Never Miss Another Story.

Sign up for an unlimited number of complementary newsletters, alerts, and International Briefings. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 American Lawyer Media International, LLC. All Rights Reserved.