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7 months ago

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Breakingviews - Prosus CEO exit leaves Tencent elephant in room

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Breakingviews - Prosus CEO exit leaves Tencent elephant in room

Bob van Dijk is passing an unsolved problem to his successor. The chief executive of Prosus , Tencent's biggest investor, said on Monday he was stepping down. Interim CEO Ervin Tu can suggest more asset sales to boost shareholder returns. But without a plan for his company's 25% stake in the $380 billion Chinese e-commerce behemoth, Prosus shares' discount to the value of their underlying assets will remain the elephant in the room.

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Breakingviews - Prosus CEO exit leaves Tencent elephant in room

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Breakingviews - Prosus CEO exit leaves Tencent elephant in room

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