Por Scott Murdoch y Toby Sterling
Apr 8 (Reuters) – Prosus NV, a Netherlands-based technology investment group, sold 2% of Tencent Holdings Ltd for $ 14.7 billion, the Chinese gaming and social media giant said on Thursday. the largest block market operation in history.
In a Hong Kong Stock Exchange filing, Tencent said Prosus sold 191.89 million shares for 114.1 billion Hong Kong dollars ($ 14.67 billion), reducing its stake to 28.9%.
That is equivalent to 595 Hong Kong dollars (HKD) per share, confirmed by a Reuters article in which sources consulted noted that Prosus sold the shares at the top of a range of between 575 and 595 HKD.
The price is a 5.5% discount compared to Tencent’s close on Wednesday of HKD 629.50. The stock, which is up 10% so far this year, opened 2.5% lower in Hong Kong on Thursday after the news.
Prosus, majority controlled by Naspers Ltd, did not respond to a request for comment on pricing.
The block market transaction, in which high-volume stock trading takes place between institutional investors, surpassed the previous record set in 2018 when Naspers also sold 2% of Tencent for $ 9.8 billion, data showed from Refinitiv.
(Information from Scott Murdoch in Hong Kong, Toby Sterling in Amsterdam and Abhinav Ramnarayan in London; Edited by Jane Merriman and Christopher Cushing, translated by Tomás Cobos)