Prosus Announces Update on Share Buyback Program
Company Announcements

Prosus Announces Update on Share Buyback Program

Prosus (PROSF) has released an update.

Prosus N.V., a global consumer internet group and one of the world’s leading technology investors, has provided an update on its share repurchase program, announcing the buyback of 3,738,623 of its shares for a total of €119 million (approximately US$129 million). This move is part of an ongoing effort to reacquire shares from the free-float shareholders of both Prosus and its affiliate Naspers. The company has a variety of interests in major markets such as India and Brazil, focusing on sectors like online classifieds, food delivery, and fintech.

For further insights into PROSF stock, check out TipRanks’ Stock Analysis page.

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