Who controls Naspers?

[LazyLion]

Investigation needed, Caxton tells Competition Tribunal.

Printing and publishing company Caxton has tabled extensive research into the control structure of Naspers at the Competition Tribunal and suggested that former CEO Koos Bekker (pictured), former MIH head Cobus Stofberg and Sanlam are in ultimate control. It alleges that these facts were not reported in a merger filing to the Competition Commission, despite a legal obligation to do so.

Caxton applied to be allowed to intervene in the large merger application of Media24, a subsidiary of Naspers and the Paarl Media Group, Paarl Media Holdings, and Paarl Coldset.

The Competition Commission, which is one of the respondents, has recommended the unconditional approval of the merger to the Competition Tribunal. The merging parties oppose Caxton’s application.

Caxton argued that the merger involves the largest publishing company in the country (Media24) with the largest printing company (Paarl Media). It questioned the commission’s acceptance of the merging parties’ notification of the merger and said it was defective due to insufficient disclosure of the direct and indirect interests of the controlling shareholders in Media24 and the Paarl Media Group (PMG).

Caxton said this disclosure should go “right to the top”. The interests of all parties should be investigated to properly assess the competitive impact of the merger, it said...

See full article here....
http://www.moneyweb.co.za/moneyweb-special-investigations/who-controls-naspers

 

[Ep27]

Drop naspers shares?

 

[yebocan]

Drop naspers shares?

Buy more...

 

[ToxicBunny]

Yeah, currently I'd classify Naspers as a very good bet to take...