Prosus ( (NL:PRX) ) just unveiled an announcement.
Prosus N.V. has announced an update to its ongoing share repurchase program, which involves buying back ordinary shares in both Prosus and Naspers. Between April 28 and May 2, 2025, the company repurchased nearly 4 million Prosus shares at an average price of €41.38 per share, amounting to a total of approximately €164.85 million. This strategic move is part of Prosus’s efforts to manage its capital structure and enhance shareholder value, reflecting its commitment to maintaining a robust financial position in the competitive tech industry.
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 e-commerce champions in growth markets. The company holds leading positions in food delivery, classifieds, and fintech, and operates a unique technology ecosystem that fosters innovation and growth across its portfolio. Through Prosus Ventures, the company invests in new technology opportunities in areas like AI, social and e-commerce platforms, fintech, B2B software, logistics, health, blockchain, and agriculture.
Average Trading Volume: 1,438,182
Technical Sentiment Signal: Buy
Current Market Cap: €94.53B
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