R5.2bn - eriinfo

Prosus sells stake in Delivery Hero to Uber for R5.2bn

eriinfo.com4 hours ago04 mins

Prosus’s stake in Delivery Hero will drop to 21.8% after a share sale to Uber. JSE-listed Prosus has sold a 4.5% stake in its German delivery platform, Delivery Hero, to Uber for R5.2 billion. Prosus, which operates as Naspers’s international arm, says the sale is part of a European Commission requirement for its takeover of…

Tech

Cell C listing triggers R5.2bn hit on Blu Label

eriinfo.com2 months ago06 mins

BLU’s carrying value of Cell C has dropped. (Photograph by Nicola Mawson) JSE-listed Blu Label Unlimited is set to take a R5.2 billion hit on its stake in Cell C because the value of its investment at listing was lower than the value it was carrying on its books, resulting in an accounting loss. In…