Technology investment group Prosus will divest from more assets that no longer meet its high-return expectations after shareholders approved the unwinding of the group's crossholding structure with parent company Naspers.

Shareholders this week voted in favour of simplifying the complicated shareholding structure, a move that will, among other things, narrow the discount that the two companies' shares are trading at to their net asset value (NAV) per share through an open-ended share buyback programme. ..

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