5 Sep 2019 14:00
Naspers Limited(Incorporated in the Republic of South Africa)(Registration number 1925/001431/06)JSE share code: NPN ISIN: ZAE000015889LSE ADS code: NPSN ISIN: US 6315121003("Naspers" or "the company" or "the Group")
COMPLETION OF NASPERS SHARE EXCHANGE TRANSACTION WITH CTRIP
Naspers confirmed today the completion of the exchange of its stake in MakeMyTrip Limited ("MakeMyTrip") (NASDAQ:MMYT) for a 5.6% stake in Ctrip.com International Limited ("Ctrip") (NASDAQ:CTRP), a leading provider of online travel and related services headquartered in China.
First announced in April, the share exchange transaction brings Ctrip greater exposure to the growing India travel market and the growth of MakeMyTrip.
As well as its interest in MakeMyTrip via Ctrip, Naspers is a significant operator of internet companies and backer of technology entrepreneurs in India. Its operations and investments in the country cover sectors including classifieds (OLX), payments and fintech (PayU), food delivery (Swiggy), education (BYJU'S) and social commerce (Meesho).
Cape Town
5 September 2019Sponsor: Investec Bank Limited
For more information contact:
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INTERNATIONAL MEDIA Sarah Ryan, Media Relations Director +31 629 721038 sarah.ryan@naspers.com | SOUTH AFRICA MEDIA Shamiela Letsoalo, Media Relations Director +27 78 802 6310 shamiela.letsoalo@naspers.com
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INVESTORS Eoin Ryan, Head of Investor Relations +1 347-210-4305 eoin.ryan@naspers.com | |
About Naspers
Naspers is a global consumer internet group and one of the largest technology investors in the world. Operating and investing in countries and markets across the world with long-term growth potential, Naspers builds leading companies that empower people and enrich communities. The group operates and partners a number of leading internet businesses across Asia, the Americas, the Middle East and Africa, and Central and Eastern Europe, in sectors including online classifieds, payments and fintech, food delivery, travel, education, health, and social and internet platforms.
Every day, millions of people use the products and services of companies that Naspers has invested in, acquired or built, including Avito, Brainly, BYJU'S, Codecademy, eMAG, Honor, iFood, letgo, Media24, Movile, OLX, PayU, SimilarWeb, Swiggy, Takealot, 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), Ctrip.com International Limited ("Ctrip") (NASDAQ:CTRP), and DeliveryHero (www.deliveryhero.com; Xetra: DHER).
Today, Naspers companies and associates help improve the lives of around a fifth of the world's population. Naspers actively searches for new opportunities to partner exceptional entrepreneurs who are using technology to address major societal needs.
Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa, and has an ADR listing on the London Stock Exchange (LSE: NPSN).
For more information, please visit www.naspers.com