Prosus/Naspers: Business As Usual As CEO Steps Down

Описание: For arbers, go long Prosus and hedge 75% with Tencent, and 10-15% of Prosus listed holdings (Meituan, Delivery Hero, Trip.com, Remitly Global) together with other classified/food delivery names.
by David Blennerhassett on Prosus NV in Event-Driven

Key points:
1. Bob van Dijk, CEO of both Naspers (NPN SJ) and Prosus NV (PRX NA), has stepped down, effective 18 September. 
2. Van Dijk was instrumental in the 2019 listing of Prosus and the creation (and subsequent unwinding) of the highly-criticised Prosus/Naspers cross-holding structure. 
3. His departure should have minimal impact. Everything else basically stays the same. Continue to be long Prosus vs. NAV - that is, Prosus vs. Tencent (700 HK).

Before it's here it's on Smartkarma: https://skr.ma/Moqmt
More from David Blennerhassett: https://skr.ma/cPbgX
More in Event-Driven: https://skr.ma/uKDiC