Prosus N.V. Class N (PROSF) has released an update.
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Prosus N.V. has announced an update on its ongoing share repurchase program, revealing the acquisition of 5,502,741 of its own shares at an average price of €31.0188 each, amounting to a total spend of €170,688,646. This buyback occurred between April 22 and April 26, 2024, as part of a broader strategy to reacquire shares from the free-floating shareholder base of both Prosus and its parent company, Naspers. Prosus is a major global player in consumer internet, with a focus on building market-leading companies in areas such as online classifieds, food delivery, payments, fintech, and education technology.
For further insights into PROSF stock, check out TipRanks’ Stock Analysis page.
