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