South Africa's Naspers
unveiled plans on Monday to spin off and list
separately its pay-TV unit, its first major move aimed at
narrowing a discount between its market value and the value of
its stake in Chinese technology giant Tencent.
European shares recovered from a
weak start on Monday and closed in positive territory after a
choppy session amid reports U.S. President Trump plans new 10
percent tariffs on $200 billion of Chinese imports.