Prosus Sells 2% Stake In Tencent For About $14.7 Bln

Tencent Holdings Limited (TCTZF.PK,TCEHY.PK) disclosed in Hong Kong Stock Exchange filing that its shareholder Prosus NV has sold about 2% stake in the Chinese internet giant for about $14.7 billion.

Prosus sold 191.89 million shares for HK$114.17 billion or $14.7 billion, reducing its stake to 28.86% from 30.86%.

It is expected to complete the sale on 12 April 2021.

Prosus has committed not to sell further shares for at least the next three years, in line with its long-term belief in the potential of the company's business.

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