Sappi slips out of top 40 due to Prosus listing

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South Africa Headlines News

The listing of the new Naspers subsidiary knocks the paper producer off the JSE’s top 40 index

Sappi, the world’s largest

Naspers said on Monday 96.3% of its N ordinary shareholders chose to receive shares in Prosus, which had its stock market debut in Amsterdam last Wednesday, valuing it at about R1.9-trillion and handing Europe its biggest consumer internet company.

 

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