Prosus targets distance from Tencent with five billion dollar buyback
The Amsterdam-listed investment group is deploying capital toward direct operations and acquisitions to balance its heavy reliance on its stake in the Chinese technology giant.
Samuel Okafor
Jun 29, 2026 · 1 min read
Eight billion dollars in capital moved through Amsterdam last year as Prosus direct-investment operations acquired Just Eat Takeaway, the La Centrale motor marketplace, and travel agency Despegar. The activity reflects a structural pivot for the tech investor, which manages a cornerstone stake in China’s Tencent Holdings currently valued at approximately $111 billion. On Monday, leadership signaled the next phase of this rebalancing: a $5 billion share buyback program and a mandate for further acquisitions.
Chief Executive Fabricio Bloisi is positioning the firm to build or acquire assets where platform potential is clear, moving beyond the role of a passive shareholder. The strategy prioritizes bolt-on mergers to strengthen existing holdings alongside minority positions intended to accelerate broader ecosystem growth. Investors responded with composure, sending shares up 3.3% as the company also declared a 40% increase in its full-year dividend.
The group expects to continue offloading non-core assets through March 2027. This divestment cycle supports a more concentrated focus on operations Prosus runs directly, a necessary evolution for a conglomerate whose market valuation has long been tethered to the fluctuations of a single Chinese tech titan.