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Prosus ( (NL:PRX) ) has shared an update.
Prosus announced an update to its repurchase programme, acquiring over 5 million of its own shares at a total cost of approximately €242.9 million. This move is part of a broader strategy to manage its capital structure and potentially enhance shareholder value, reflecting the company’s ongoing commitment to optimizing its financial operations.
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, building local ecommerce champions in growth markets. Prosus holds leading positions in food delivery, classifieds, and fintech, fostering a unique technology ecosystem that promotes innovation and growth. The company invests in new technology growth opportunities through its Prosus Ventures team, supporting entrepreneurs in sectors like AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, and agriculture.
For detailed information about PRX stock, go to TipRanks’ Stock Analysis page.