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Prosus ( (NL:PRX) ) just unveiled an update.
Prosus has announced an update to its open-ended repurchase program for its ordinary shares and those of Naspers, repurchasing 1,882,892 Prosus shares at an average price of €47.7237 per share, totaling €89,858,506.55. This move is part of a strategic effort to manage its capital structure and potentially enhance shareholder value, reflecting Prosus’s commitment to maintaining a strong market position and providing 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. 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. The company invests in new technology growth opportunities through its Prosus Ventures team, supporting entrepreneurs in AI, social and e-commerce platforms, fintech, B2B software, logistics, health, blockchain, and agriculture.
For a thorough assessment of PRX stock, go to TipRanks’ Stock Analysis page.