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Africa’s biggest firm eyes UK, US bond issue

photo:courtesy

Naspers Ltd will approach investors in the US and the UK next week about a bond issue as Africa’s biggest company by market value continues its acquisition-hungry quest to expand its internet businesses.

The proceeds for the bond will shore up the company’s balance sheet for future growth opportunities and will also be used to refinance some of its current debt, Naspers Chief Executive Officer Bob van Dijk said by phone on Saturday.

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