Prosus N.V. Reports Latest Share Buyback Activity

Prosus (PROSF) has released an update.

Prosus N.V., a leading global consumer internet group, has announced an update on its ongoing repurchase program, revealing the acquisition of 2,246,844 of its own shares at an average price of €33.1847 per share, amounting to a total spend of approximately €74.56 million. The company, which invests in various internet companies worldwide and is majority-owned by Naspers, is focused on sectors such as online classifieds, food delivery, payments, and fintech. The share buyback is part of a strategy to return value to shareholders and is conducted in compliance with EU market abuse regulations.

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