Naspers subsidiary Prosus launches $5bn share buyback as revenues rise
Company will buy $1.37bn of its own shares and $3.63bn more of its parent
23 November 2020 - 09:57
Naspers’s international investment vehicle, Prosus, has begun the biggest share buyback in JSE history — about R80bn — as the group reported increased revenues for the six months to September.
Prosus holds the group’s international investments on the Euronext Amsterdam exchange, in a move made in September 2019 to reduce its weighting on the JSE and open itself to larger pools of international capital...
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