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Prosus ( (NL:PRX) ) has provided an announcement.
Prosus has announced an update to its ongoing share repurchase program, which includes the buyback of 1,305,123 Prosus shares at an average price of €52.9059 per share, totaling €69,048,746.84. This initiative is part of a broader strategy to manage its capital structure and return value to shareholders, potentially impacting the company’s market positioning by reducing the number of shares in circulation and increasing shareholder value.
More about Prosus
Prosus is a global technology company focused on unlocking an AI-first world for its 2 billion customers. It has investments in over 100 companies worldwide, with leading positions in food delivery, classifieds, and fintech. Prosus is building local e-commerce champions in growth markets and has created a unique technology ecosystem that fosters innovation and growth. The company actively 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, agriculture, and more.
For detailed information about PRX stock, go to TipRanks’ Stock Analysis page.