AMSTERDAM (Reuters) - Dutch technology investment company Prosus and its controlling shareholder Naspers of South Africa said on Monday they intend to sell down their enormous stake in Chinese software giant Tencent (HK:0700) to fund a share purchase program.
Prosus holds a 28.9% take in Tencent worth more than $100 billion. The companies indicated they might sell Tencent shares amounting to 3-5% of Tencent's daily average trading volume.
Prosus and Naspers are set to announce full year earnings later on Monday.