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Completion of Naspers share exchange transaction with Ctrip

Announcements, 5 September 2019
In Naspers press releases

Completion of Naspers share exchange transaction with Ctrip Naspers confirmed today the completion of the exchange of its stake in MakeMyTrip Limited (“MakeMyTrip”) (NASDAQ:MMYT) for a 5.6% stake in Ctrip.com International Limited (“Ctrip”) (NASDAQ:CTRP), a leading provider of online travel and related services headquartered in China.  

First announced in April, the share exchange transaction brings Ctrip greater exposure to the growing India travel market and the growth of MakeMyTrip.

Commenting on the closure of the transaction, Bob van Dijk, Naspers Group CEO, said: “The India travel and tourism market continues to grow rapidly, with MakeMyTrip playing a pivotal role in the development of the industry since 2000. The partnership between MakeMyTrip and Ctrip is a significant step in the growth ambitions of both companies, and is a great example of how local businesses can scale internationally.”

As well as its interest in MakeMyTrip via Ctrip, Naspers is a significant operator of internet companies and backer of technology entrepreneurs in India. Its operations and investments in the country cover sectors including classifieds (OLX), payments and fintech (PayU), food delivery (Swiggy), education (BYJU’S) and social commerce (Meesho).

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For more information contact:

INTERNATIONAL MEDIA
Sarah Ryan, Media Relations Director
+31 629 721038
[email protected]

SOUTH AFRICA MEDIA
Shamiela Letsoalo, Media Relations Director
+27 78 802 6310
[email protected]

INVESTORS
Eoin Ryan, Head of Investor Relations
+1 347-210-4305
[email protected]
   

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 Asia, the Americas, the Middle East and Africa, and Central and Eastern Europe, in sectors including online classifieds, payments and fintech, food delivery, 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, 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), Ctrip.com International Limited (“Ctrip”) (NASDAQ:CTRP), 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 major 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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