Prosus ( (NL:PRX) ) has issued an update.
Prosus N.V. announced an update to its ongoing repurchase program, where it bought back over 6.5 million of its own shares between March 10 and March 14, 2025, at an average price of €43.0061 per share, totaling approximately €281.7 million. This move is part of Prosus’s strategy to manage its capital structure and enhance shareholder value, reflecting its commitment to maintaining a balanced approach to capital allocation and strengthening its market position.
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, and fosters innovation and growth across its portfolio through its unique technology ecosystem. The company actively invests in new technology growth opportunities in areas such as AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, and agriculture.
YTD Price Performance: 19.69%
Average Trading Volume: 74,358
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $110.3B
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