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Prosus ( (NL:PRX) ) has provided an announcement.
Prosus N.V. announced an update to its ongoing repurchase program, where it bought back 2,067,689 of its own shares at an average price of €55.8872 per share, totaling approximately €115.6 million. This strategic move is part of a broader effort to manage its capital structure and potentially enhance shareholder value, reflecting Prosus’s proactive approach in maintaining its market position and financial health.
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, it is building local e-commerce champions in growth markets. Prosus holds leading positions in food delivery, classifieds, and fintech, creating a unique technology ecosystem that fosters innovation and growth across its portfolio. Through Prosus Ventures, the company invests in new technology opportunities in AI, social and e-commerce platforms, fintech, B2B software, logistics, health, blockchain, and agriculture.
See more insights into PRX stock on TipRanks’ Stock Analysis page.