Short Term Trading Weekend Lounge: 2-4 Nov, page-58

DGR also holds a position in SOLG (2nd or 3rd largest shareholder if memory serves correctly.) Which I do not think is fully realised in its M/C.

Also Naspers investment in Tencent remains one of the more interesting arbitrage examples. They invested $32m in 2001 and as of March this year they retained a 33% stake which was valued at 175bn (before a 10bn sell down) while Naspers itself only had a M/Cap of 125bn. The Tencent shareholding led to Naspers becoming the largest company in Africa by M/C.

https://www.ft.com/content/bc5e63be-2dce-11e8-a34a-7e7563b0b0f4