Prosus Begins Paring $4 Billion Stake In Meituan After The Chinese Company Expands Into Brazil: Report

According to a Bloomberg report citing people familiar with the matter, Prosus has sold nearly $250 million worth of shares of Meituan over the last two weeks and could sell more.

Prosus NV (PROSY) has reportedly started offloading its $4 billion stake in China-based Meituan after the latter announced plans to expand into some markets where Prosus has a presence.

According to a Bloomberg report citing people familiar with the matter, Prosus has sold nearly $250 million worth of shares of Meituan over the last two weeks and could sell more.

Get updates to this story developing directly on Stocktwits.<

For updates and corrections, email newsroom[at]stocktwits[dot]com.<