Thus, the report on June investments no longer includes Prosus in the portfolio of NN Pensii, a pension fund with assets worth RON38 billion and some 2 million Romanian contributors. In May 2023, the fund’s investment in Prosus stood at RON101 million, the equivalent of 0.28% of the fund’s assets.
Prosus owns 80% in Dante International, the company that controls and manages the e-commerce platform eMAG, leader on the Romanian e-commerce segment. Dante International had a turnover of RON7.2 billion in 2022, down 3% on the year, and a net profit of RON124 million, up 168% on the year, as per finance ministry data. In its annual report, Prosus says it owns an 80.08% stake in Dante International, compared to 79.57% a year before.
Prosus has a market value of RON214 billion after its shares have gained 9% so far in 2023. At end-May 2023, when Prosus was part of NN Pensii’s portfolio, Prosus shares on the Amsterdam Stock Exchange closed at EUR61.56, i.e. RON306 per share. Thus, according to ZF calculations, NN Pensii held 330,000 Prosus shares.