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Prosus ( (NL:PRX) ) just unveiled an update.
Prosus announced an update on its ongoing repurchase program for its ordinary shares and those of Naspers, buying back 5,872,125 shares at an average price of €46.0604 per share, totaling €270,472,495.31. This move is part of a strategy to manage its capital structure and potentially enhance shareholder value, reflecting Prosus’s commitment to maintaining a robust financial position and strategic flexibility in the competitive technology market.
More about Prosus
Prosus is a global technology company focused on unlocking an AI-first world for its 2 billion customers. It invests in over 100 companies worldwide, building local e-commerce champions in growth markets. The company holds leading positions in food delivery, classifieds, and fintech, creating a unique technology ecosystem that fosters innovation and growth. Through Prosus Ventures, it invests in new technology opportunities across sectors like AI, social and e-commerce platforms, fintech, B2B software, logistics, health, blockchain, and agriculture.
For detailed information about PRX stock, go to TipRanks’ Stock Analysis page.
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