Prosus ( (NL:PRX) ) has provided an update.
Prosus announced an update to its ongoing repurchase programme, which involves buying back ordinary shares in both Prosus and Naspers. Between March 3 and March 7, 2025, the company repurchased over 7.5 million shares at an average price of €43.7344 per share, totaling approximately €329 million. This move is part of a broader strategy to manage its capital structure and potentially enhance shareholder value.
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 builds local ecommerce champions in growth markets. The company holds leading positions in sectors such as Food Delivery, Classifieds, and Fintech, and fosters innovation and growth through its unique technology ecosystem. Prosus Ventures invests in new technology growth opportunities across various sectors, backing entrepreneurs who leverage technology to enhance everyday life.
YTD Price Performance: 15.15%
Average Trading Volume: 72,751
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $108.7B
Learn more about PRX stock on TipRanks’ Stock Analysis page.
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