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Prosus ( (NL:PRX) ) has provided an announcement.
Prosus announced an update to its ongoing share repurchase program, purchasing over 1.1 million shares at an average price of €61.74 per share, totaling approximately €69.2 million. This strategic move is part of a broader initiative to manage its capital structure and enhance shareholder value, reflecting Prosus’s commitment to maintaining a strong market position and delivering returns to its stakeholders.
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 ecommerce 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 technology growth opportunities across various sectors including AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, and agriculture.
For an in-depth examination of PRX stock, go to TipRanks’ Overview page.