Naspers plans to spin off, list unit

Naspers plans to spin-off and separately list its pay-TV unit.

“This marks a significant step for the Naspers Group as it continues its evolution into a global consumer internet company,” the company said on Sens.

According to the statement, the new company will be named MultiChoice Group and is expected to list on the JSE in the first half of 2019, subject to regulatory approval. – Moneyweb and Reuters