Naspers spends $1.2 billion on share buybacks in less than 5 months
Naspers has invested $1.2 billion to repurchase 5.38 million shares over the past five months, enhancing shareholder value and reaffirming financial stability.
Naspers has invested $1.2 billion to repurchase 5.38 million shares over the past five months, enhancing shareholder value and reaffirming financial stability.
His 0.76% stake in Prosus dropped $73 million, while his 0.93% stake in Naspers lost $39.6 million.
Despite market volatility, Naspers’ stock has shown resilience this year, consistently delivering value to investors.
Prosus is set to acquire Latin America’s top online travel agency, Despegar, for $1.7 billion to expand its ecosystem.
This highlights the group's strong financial performance and strategic execution under Bekker's leadership.
CEO Bloisi emphasizes profitability and strategic divestments in core business
Prosus N.V. has grown into a leading global consumer Internet group. The transaction gives Prosus liquidity to focus on higher-growth areas in its portfolio.
This upswing follows a period of steady gains for Bekker, with his Naspers holdings increasing by $36.75 million between April 17 and 25.
Naspers stays bullish on the future, reaffirming its focus on boosting shareholder value through ongoing share buybacks.
Prosus, a global consumer internet group founded in 1997 under South African billionaire Koos Bekker’s leadership, has become one of the world’s largest technology investors.
This further cements Bekker’s position as a leading South African business figure and a top investor on the Johannesburg Stock Exchange (JSE).