Naspers chairman Koos Bekker says company has no plans to sell Tencent stake

Naspers chairman Koos Bekker on Monday said that the company has no plans to dispose of its large stake in China's Tencent , held by Nasper's Prosus subsidiary.

The 26% stake in Tencent, valued at around $100 billion, forms the bulk of the value of both companies. Naspers and Prosus have been gradually selling shares to repurchase their own shares, which trade at a discount to the value of the Tencent stake.

"We still believe Tencent is one of the best tech companies in the whole world," Bekker said.


"We certainly don't want to go down (in terms of ownership) took much and we certainly are not going to accelerate anything."

Bekker's remarks follow news CEO Bob van Dijk is stepping down, with M&A chief Ervin Tu appointed as interim CEO.