Thursday, 08 December 2016

Key TPSA shareholders agree to cancel dividend

By Christopher Borowski, Reuters
Monday 08 October 01

Key shareholders of Polish telecoms operator TPSA have reached a backroom deal to pay the state treasury 160 million zlotys ($38.4 million) rather than pay three times as much in a dividend to all shareholders. Poland's treasury said on Monday it had withdrawn its demand for a 450 million zloty dividend, and in exchange, France Telecom and its local partner Kulczyk Holding would increase their payment for a 12…

Key shareholders of Polish telecoms operator TPSA have reached a backroom deal to pay the state treasury 160 million zlotys ($38.4 million) rather than pay three times as much in a dividend to all shareholders. Poland's treasury said on Monday it had withdrawn its demand for a 450 million zloty dividend, and in exchange, France Telecom and its local partner Kulczyk Holding would increase their payment for a 12…

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