Wrap Text
Exchange of shares in MakeMyTrip for shares in Ctrip
Naspers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1925/001431/06)
JSE share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN ISIN: US 6315121003
("Naspers" or "the company" or "the Group")
EXCHANGE OF SHARES IN MAKEMYTRIP FOR SHARES IN CTRIP
Naspers announced today an exchange of its interest in MakeMyTrip Limited (“MakeMyTrip”)
(NASDAQ:MMYT) for a 5.6% stake in Ctrip.com International Limited (“Ctrip”) (NASDAQ:CTRP), a well-
known provider of online travel and related services headquartered in China (the “Share Exchange
Transaction”). The Share Exchange Transaction allows Ctrip to enjoy a larger exposure to the India
travel market and benefit from the growth of MakeMyTrip. It also allows MakeMyTrip to benefit from
Ctrip’s significant global scale.
MakeMyTrip has transformed travel in India and beyond since 2000. The Share Exchange Transaction
is a significant step in the growth ambitions of both MakeMyTrip and Ctrip. Naspers’s continued
investment through its interest in Ctrip should create additional value for Naspers and its
shareholders.
The Share Exchange Transaction is expected to close as soon as practicable in the second half of 2019,
and is subject to customary closing conditions, including the requisite regulatory approvals.
Cape Town
26 April 2019
Sponsor: Investec Bank Limited
For more information contact:
Shamiela Letsoalo, Media Relations Director SA Eoin Ryan, Head of Investor Relations
Tel: +27 11 289 3750 Tel: +1 347-210-4305
Mobile: +27 78 802 6310 Email: eoin.ryan@naspers.com
Email: shamiela.letsoalo@naspers.com
About Naspers
Naspers is a global consumer internet group and one of the largest technology investors in the world.
Operating and investing in countries and markets across the world with long-term growth potential,
Naspers builds leading companies that empower people and enrich communities. The group operates
and partners a number of leading internet businesses across the Americas, Africa, Central and Eastern
Europe, and Asia in sectors including online classifieds, food delivery, payments, travel, education,
health, and social and internet platforms.
Every day, millions of people use the products and services of companies that Naspers has invested
in, acquired or built, including Avito, Brainly, BYJU’S, Codecademy, eMAG, Honor, ibibo, iFood, letgo,
Media24, Movile, OLX, PayU, SimilarWeb, Swiggy, Takealot, and Udemy.
Similarly, hundreds of millions of people have made the platforms of its associates a part of their daily
lives: Tencent (www.tencent.com; SEHK 00700), Mail.ru (www.corp.mail.ru; LSE: MAIL), MakeMyTrip
Limited (www.makemytrip.com; NASDAQ:MMYT) and DeliveryHero (www.deliveryhero.com; Xetra:
DHER).
Today, Naspers companies and associates help improve the lives of around a fifth of the world’s
population. Naspers actively searches for new opportunities to partner exceptional entrepreneurs
who are using technology to address big societal needs.
Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on
the A2X Exchange (NPN.AJ) in South Africa, and has an ADR listing on the London Stock Exchange (LSE:
NPSN).
For more information, please visit www.naspers.com
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