E-commerce group Prosus raises US$2bn through debt offering to bolster its acquisition plans

SOUTH AFRICA – Prosus, an e-commerce group, has raised more than US$2 billion (R33bn) through an over-subscribed debt offering to bolster its acquisitions plans amid industry consolidation and Covid-19. Prosus, which listed on the Euronext Amsterdam and JSE last September, said that it had raised the money through debt, comprising its longest-dated dollar offering. It said the purpose of the offerings was to raise proceeds for general corporate purposes, including potential future merger and acquisition activity, as well as to further augment the company’s liquidity position. Takaendesa said Prosus was…

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