South African Naspers Group, eMag shareholder, interested in acquisitions

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Despite the pandemic, the South African group Naspers, the majority shareholder of Prosus – a company of which eMag is also a part, is looking for new acquisitions, with about $ 8 billion in cash, loans, and loans.

The group is particularly interested in players in the online education market, in the context in which the pandemic closed schools and led to the isolation of people at home. “In many cases, people are forced to stay home and online education platforms are doing very well. We are looking at some opportunities.

In the field of online education, Naspers already owns shares in Brainly and Udemy. “We are very good in terms of liquidity; even in the most pessimistic scenario, the balance sheet allows us to weather the storm. We have the ability to make mergers and acquisitions, and this gives us confidence in the future,” added the Naspers CEO. Naspers became a majority shareholder of Dante International, the owner of eMAG, in 2012, when he paid $ 82 million for a control package to the Romanian company. Last year,

Naspers separated the international Internet brands, including the 80% stake in eMAG, listing these assets on the Amsterdam stock exchange, under the name Prosus. Prosus was listed on the Amsterdam stock exchange last year, at a valuation of 125 billion euros. Naspers retained a 73% stake in the new company, which includes, among others, the 80% stake that the South African group holds in eMAG, a nearly 31% stake held by Chinese technology giant Tencent, as well as and actions across multiple ad platforms, tourism, education, socializing and food delivery, including OLX, Avito, mail.ru, letgo, PayU, Swiggy, iFood, DeliveryHero, Udemy and MakeMyTrip.

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