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Prosus ( (NL:PRX) ) has provided an update.
Prosus announced an update to its open-ended repurchase program for its ordinary shares and those of Naspers, repurchasing over 3.6 million shares at an average price of €45.6031 per share, totaling approximately €166.8 million. This move reflects Prosus’s strategic focus on managing its capital structure and enhancing shareholder value, potentially impacting its market positioning and stakeholder interests.
More about Prosus
Prosus is a global technology company focused on unlocking an AI-first world for its 2 billion customers. With investments in over 100 companies worldwide, it builds local e-commerce champions in growth markets. Prosus holds leading positions in food delivery, classifieds, and fintech, creating a unique technology ecosystem that fosters innovation and growth. Through Prosus Ventures, the company invests in new technology opportunities across various sectors, including 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.