Prosus to Explore Divestments From Fintech Arm PayU
A Prosus flag outside the Amsterdam Stock Exchange.
Photographer: Jasper Juinen/BloombergProsus NV is exploring potential divestments from its emerging-markets financial technology company PayU, according to people familiar with the matter.
The investment firm is working with Bank of America Corp. as it gauges interest in PayU’s business outside India, the people said, asking not to be identified because the information is private. It could fetch as much as $800 million from the potential deal, the people said.