May 9, 2018 / 11:15 AM / 2 months ago

BRIEF-Naspers Announces Disposal Of Entire Stake In Flipkart To Walmart

May 9 (Reuters) - Naspers Ltd:

* DISPOSAL OF ENTIRE STAKE IN FLIPKART

* PROCEEDS WILL BE USED TO REINFORCE NASPERS’ BALANCE SHEET AND WILL BE INVESTED OVER TIME

* ANNOUNCES DISPOSAL OF ITS ENTIRE 11.18% STAKE IN FLIPKART TO US-BASED RETAILER WALMART FOR US$2.2BN Source text for Eikon: Further company coverage:

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