NPN Disposal Neutral
NASPERS LIMITED - Prosus sells 5% interest in Delivery Hero to Aspex Management
Naspers Limited
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What this filing means
Prosus has executed a mandated 5% divestment of Delivery Hero to Aspex Management for €335 million at a 22% VWAP premium, advancing its European Commission commitments.
Bull case
- The 5% stake sale in Delivery Hero was executed at €22.00 per share, securing a 10% premium to the closing price and a 22% premium to the 30-day VWAP.
- The transaction generates approximately €335 million in gross proceeds, injecting further liquidity into the Prosus Group.
Bear case
- The sale is a forced divestment mandated by regulators, which inherently reduces the group's strategic exposure and future upside to the Delivery Hero asset.
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