South African media and tech group Naspers said on Wednesday it aims to float its consumer internet businesses on the Euronext stock exchange in Amsterdam on July 17.
Naspers will retain a 73% stake in the new company, which will have a market capitalisation in excess of €100-billion and will hold Naspers’ one-third stake in China’s Tencent, as well as its OLX and “letgo” classified businesses.