Prosus Denies Report of Talks to Sell Controlling Stake in Tencent to CITIC

(Source: Tencent)

News emerged on October 31 that a consortium headed by CITIC Group, one of China’s largest conglomerates, was in discussion with Naspers, a major shareholder of Tencent, to acquire its shares in full and win a controlling stake in Tencent.

According to Tencent‘s 2022 interim report, its largest shareholder, MIH TC, is controlled by Prosu…