From Reuters, April 7:
Prosus sells 2% of Tencent for $14.7 billion in world's largest block trade
Holland-based technology investor Prosus NV has sold 2% of Tencent Holdings Ltd 0700.HK for $14.7 billion, the Chinese gaming and social media giant said on Thursday, in the world's largest-ever block trade.
Tencent, in a Hong Kong Stock Exchange filing, said Prosus sold 191.89 million shares for HK$114.1 billion ($14.67 billion), reducing its stake to 28.9%.
That works out as HK$595 per share, confirming Reuters’ earlier report in which sources said Prosus sold the stock at the top of an indicative range of HK$575 to $HK595.
The price was a 5.5% discount to Tencent’s Wednesday close of $HK629.50. The stock, which is up 10% so far this year, opened down 2.5% in Hong Kong following the news on Thursday.
Prosus, majority controlled by Naspers Ltd, did not respond to a request for comment on the pricing....
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