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,…