Naspers – Africa’s largest company – will list its e-commerce businesses – now called Prosus – on Amsterdam’s Euronext stock exchange in September.
How will the listing affect Naspers shareholders?
Accepting Prosus shares will make you liable for capital gains tax (CGT).
Choosing Naspers shares instead avoids triggering that tax event.
What should you do?
It’s all quite complicated, but Ingram explains it well.
Listen to the interview in the audio below (and scroll down for quotes from it).
This is one heck of a move that will immediately unlock significant value. There’s just a cashflow implication…— Warren Ingram, Personal Finance Advisor - Galileo Capital
For people who really believe in this… don’t say the tax is an issue… just sell a couple of shares!— Warren Ingram, Personal Finance Advisor - Galileo Capital
If you elect not to do this; it requires some work from you… then you can get additional Naspers shares and there is no tax consequence…— Warren Ingram, Personal Finance Advisor - Galileo Capital
I would take the Prosus shares (25%) as well as Naspers (75%) shares…— Warren Ingram, Personal Finance Advisor - Galileo Capital
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