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Naspers sells stake in TBO Group

Naspers sells stake in TBO Group South Africa-based global internet and entertainment group, Naspers Limited (JSE: NPN.SJ and LSE: NPSN) today announced that it has entered into a binding agreement with Standard Chartered Private Equity (“SCPE”), Standard Chartered Bank’s private equity arm, for the sale of its stake in the online B2B travel distribution business, TBO Group.
 
Naspers first invested in TBO Group in 2012. Terms of the agreement were not disclosed.

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