Dutch technology investor Prosus plans to raise US$2-billion (R35-billion) through asset sales in the near term, the company’s CEO said on Wednesday as he announced a 54% increase in quarterly earnings.
Amsterdam-headquartered Prosus, which is majority owned by South Africa’s Naspers and focused on food and lifestyle e-commerce within its key markets of Latin America, India and Europe, has already raised $780-million from asset sales in the last four months to July.
In a shareholder letter covering the AGM and sent to media, CEO Fabricio Bloisi said asset sales to date showed “our commitment to disciplined capital allocation” and set $2-billion as a near-term target.
Read: Naspers unit gets EU nod for mega food delivery deal
Bloisi also said the company’s ecommerce adjusted earnings before interest, tax, depreciation and amortisation rose 54% to $237-million in the quarter ending 30 June, at the top end of the group’s guidance.
Revenue rose 15% year-on-year to $1.7 billion, he said. — (c) 2025 Reuters
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