Tech Investor Prosus Plans to Raise $2 Billion from Selling Off Stakes

Technology investor Prosus NV plans to raise $2 billion through asset sales as part of Chief Executive Officer Fabricio Bloisi’s strategy to streamline the company around key brands.

The Euronext-listed company has already raised $780 million from selling various holdings in the past four months, setting $2 billion as a near-term target, Bloisi said at its annual general meeting on Wednesday. It has been selling down a mix of listed equities, and part of its stake in Chinese food-delivery app Meituan, Bloomberg previously reported.