Prosus will offer Brazilians access to tech giants via BDRs

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Dutch technology investor Prosus, which controls major firms including the food delivery app iFood, is set to begin trading Brazilian Depositary Receipts (BDRs) on the B3 Stock Exchange on Monday.

The company, based in Amsterdam, is primarily owned by South Africa’s Naspers and concentrates on food and lifestyle ecommerce in its main markets: Latin America, India, and Europe.

Its BDR listing will allow Brazilian investors to gain exposure to several local companies, such as iFood, the travel booking platform Decolar, and the ecommerce platform OLX,…



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Prosus will offer Brazilians access to tech giants via BDRs



Dutch technology investor Prosus, which controls major firms including the food delivery app iFood, is set to begin trading Brazilian Depositary Receipts (BDRs) on the B3 Stock Exchange on Monday.

The company, based in Amsterdam, is primarily owned by South Africa’s Naspers and concentrates on food and lifestyle ecommerce in its main markets: Latin America, India, and Europe.

Its BDR listing will allow Brazilian investors to gain exposure to several local companies, such as iFood, the travel booking platform Decolar, and the ecommerce platform OLX,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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