AMSTERDAM :Prosus NV, the Dutch-based technology investor, on Monday reported a 20 per cent fall in annual core headline earnings and announced a major share repurchasing programme.
"This will efficiently unlock immediate value for shareholders because we're selling shares at full value and we're buying back our stock at a considerable discount," CFO Basil Sgourdos said. Sometimes compared to SoftBank and its Vision Fund https://www.reuters.com/business/finance/europes-softbank-prosus-plays-long-game-shrink-value-gap-2021-07-08, Prosus owns stakes in a wide range of consumer internet companies including meals delivery companies Delivery Hero of Germany & South Korea, iFood of Brazil and Swiggy of India, PayU in payments, and Stack Overflow and Codecademy in educational software.
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