REG - Prosus NV Naspers Limited - Acquisition

Prosus NVAnnouncement

15/05/2025 14:30

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RNS Number : 8834I  Prosus NV  15 May 2025

Prosus N.V.

(Incorporated in the Netherlands)

(Legal Entity Identifier: 635400Z5LQ5F9OLVT688)

AEX and JSE Share Code: PRX ISIN: NL0013654783

(Prosus or the Group)

 

 

PROSUS AND DESPEGAR COMPLETE ACQUISITION

Joint announcement

Prosus, a global technology company, and Despegar, Latin America's leading
online travel agency, today jointly announce the completion of Prosus's
acquisition of Despegar (NYSE: DESP) at a purchase price of $19.50 per share.

Completion of the transaction follows approval by Despegar's board of
directors and shareholders, and receipt of all required regulatory clearances.

The transaction marks a significant milestone in Prosus's strategy to expand
and strengthen its presence in Latin America, where the Group is creating a
digital lifestyle ecosystem serving over 100 million customers across food
delivery, classifieds, travel, experiences and fintech.

Fabricio Bloisi, CEO of Prosus Group said:

"With Despegar joining the Prosus family, we're accelerating our vision to
build the most dynamic lifestyle ecommerce ecosystems across Latin America,
India, and Europe. By adding Latin America's top travel platform to our
portfolio and leveraging iFood's scale, our fintech capabilities, Sympla's
events and experiences, and OLX Brazil, we will unlock greater convenience for
customers and open exciting new revenue streams. We are redefining lifestyle
ecommerce by creating experiences that don't just meet needs, but anticipate
them."

Damián Scokin, CEO of Despegar said:

"With Prosus as our partner, we will benefit from scale and expertise in AI to
accelerate growth and expand our service portfolio. We will continue to
accelerate innovation, and set new standards in the travel market, while also
contributing to building Prosus's position as Latin America's premier
lifestyle ecosystem brand."

 

For more details and previous announcements from Prosus and Despegar on this
transaction, please see the links below.

 

·     Prosus | (https://www.prosus.com/despegar-acquisition)
(https://www.prosus.com/despegar-acquisition) Prosus to acquire Latin
America's leading online travel agency, Despegar
(https://www.prosus.com/despegar-acquisition)

https://www.prosus.com/despegar-acquisition

·     Despegar |
(https://investor.despegar.com/news-presentations/news-releases/news-details/2024/Despegar.com-Enters-Into-Merger-Agreement-to-Be-Acquired-by-Prosus-for-19.50-Per-Share-in-Cash/default.aspx)
(https://investor.despegar.com/news-presentations/news-releases/news-details/2024/Despegar.com-Enters-Into-Merger-Agreement-to-Be-Acquired-by-Prosus-for-19.50-Per-Share-in-Cash/default.aspx)
Despegar enters into merger agreement to be acquired by Prosus for $19.50 per
share in cash
(https://investor.despegar.com/news-presentations/news-releases/news-details/2024/Despegar.com-Enters-Into-Merger-Agreement-to-Be-Acquired-by-Prosus-for-19.50-Per-Share-in-Cash/default.aspx)

https://investor.despegar.com/news-presentations/news-releases/news-details/2024/Despegar.com-Enters-Into-Merger-Agreement-to-Be-Acquired-by-Prosus-for-19.50-Per-Share-in-Cash/default.aspx

 

Amsterdam, the Netherlands

15 May 2025

JSE sponsor to Prosus

Investec Bank Limited

 

 

For more information, please contact:

 

Despegar
 

 

 Luca Pfeifer                                                                                                                     Josefina Schaer

                                                                                                                                Corporate Affairs & Talent Development Director
 Head of Investor Relations

                                                                                                                                Tel: (+54) 911 231 4628
 Tel: (+1) 305 481 1785

                                                                                                                                Email: josefina.schaer@despegar.com
 Email: luca.pfeifer@despegar.com

Prosus

 

 Eoin Ryan                                                   Charlie Pemberton

 Head of Investor Relations                                  Director of Communications

 Tel: +1 347 210 4305                                        Tel: +31 6 15 49 43 59

 Email: eoin.ryan@prosus.com (mailto:eoin.ryan@prosus.com)   Email: charlie.pemberton@prosus.com

                                                             Sibusiso Tshabalala

                                                             Head of Communications, South Africa

                                                             Tel: +27 81 431 4855

                                                             Email: sibusiso.tshabalala@naspers.com

 

About Prosus

 

Prosus is a global technology company, unlocking an AI-first world for our 2
billion customers.  With investments in more than 100 companies across the
world, we are building local ecommerce champions in growth markets.

 

With leading positions in Food Delivery, Classifieds and Fintech, Prosus has
created its own unique technology ecosystem, driving innovation, knowledge
sharing and growth across our portfolio. Through the Prosus Ventures team, the
group invests in new technology growth opportunities within AI, social and
ecommerce platforms, fintech, B2B software, logistics, health, blockchain,
agriculture and more. The team actively backs exceptional entrepreneurs who
are using technology to improve people's everyday lives.

 

To find out more, please visit www.prosus.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.prosus.com%2F&data=05%7C02%7Csibusiso.tshabalala%40naspers.com%7C8a03151746e94298168608dd151fe0af%7Ccefec05ccd1a44f38657e7e2744d40b0%7C1%7C0%7C638689948889686944%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=fh4GtcRlSyD2Eqd0YDkOQiEicz5%2FUuik0XnbMr0AW5g%3D&reserved=0)
.

 

About Depsegar

Despegar is the leading travel technology company in Latin America. For over
two decades, it has revolutionized the tourism industry in the region through
technology. With its continuous commitment to the development of the sector,
Despegar today is comprised of a consolidated group that includes Despegar,
Decolar, Best Day, Viajes Falabella, Viajanet Stays and Koin, and has become
one of the largest travel companies in Latin America.

Despegar operates in 20 countries in the region, accompanying Latin Americans
from the moment they dream of traveling until they share their memories.

With the purpose of improving people's lives and transforming the shopping
experience, Despegar has developed alternative payment and financing methods,
democratizing the access to consumption and bringing Latin Americans closer to
their next travel experience. Despegar's common shares are traded on the New
York Stock Exchange (NYSE: DESP).

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