Investors such as BlackRock and Vanguard have signaled they will push back against Prosus NV’s dual‑class share structure and high executive pay, urging the company and its parent Naspers to adopt a more shareholder‑friendly governance model.
Prosus CEO Fabricio Bloisi stated that the company’s food delivery subsidiary Just Eat will begin delivering growth within the next few months and is planning global expansion. Prosus reported more than doubled profit in its last fiscal year, exceeding analyst expectations due to strong performance in its e-commerce businesses.
Prosus NV reported profit more than doubling in its last fiscal year, exceeding analyst expectations. The strong performance was driven by growth in the company’s e-commerce businesses and an appreciation in the value of its significant stake in Chinese technology company Tencent Holdings.
Prosus NV, a Dutch e-commerce and investment company, expects core earnings to increase by up to 28% for the fiscal year ending March 31st, driven by growth in its e-commerce operations and appreciation of its investment stake in Chinese technology company Tencent.
The European Commission has granted Prosus NV an extension until October 11 to divest its stake in Delivery Hero SE. This extension provides Prosus additional time to manage a potential takeover bid from Uber Technologies for Delivery Hero.
Prosus NV has requested that the European Union remove the mandatory divestiture requirement of its shares in Delivery Hero SE, which was imposed as a condition for approving Prosus’s acquisition of another delivery platform under EU antitrust rules.