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Prosus ( (NL:PRX) ) just unveiled an announcement.
Prosus announced an update to its ongoing repurchase programme for its ordinary shares and those of Naspers, repurchasing 751,995 Prosus Shares at an average price of €58.7980 per share, totaling €44,215,822.34. This repurchase initiative is part of Prosus’s strategy to manage its capital structure and enhance shareholder value, reflecting its strong financial position and commitment to its investors.
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 a unique technology ecosystem through its Prosus Ventures team, which invests in AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, agriculture, and more.
For an in-depth examination of PRX stock, go to TipRanks’ Overview page.