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The latest update is out from Prosus ( (NL:PRX) ).
Prosus announced an update to its ongoing repurchase programme involving the buyback of its ordinary shares and those of Naspers, with a recent repurchase of 3,853,134 Prosus shares for a total of €178.6 million. This move is part of a strategy to manage its capital structure and potentially enhance shareholder value, reflecting the company’s commitment to maintaining a strong market position and delivering value 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, Prosus is building local ecommerce champions in growth markets. The company holds leading positions in food delivery, classifieds, and fintech, creating a unique technology ecosystem that fosters innovation and growth. Through Prosus Ventures, the group invests in new technology opportunities across various sectors including AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, and agriculture.
See more insights into PRX stock on TipRanks’ Stock Analysis page.