We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » May 16, 2014
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Poland holds out on Ciech dividend
May 16, 2014   
Article's tools:

The Polish government is holding out on a dividend decision for chemicals group Ciech in hopes that the would-be suitor KI Chemistry might review terms of its bid for a majority stake, deputy Treasury Minister Pawel Tamborski said on Thursday.

"The potential dividend is an element of assessment of the price proposal in the bid," Tamborski said following announcement of the second suspension in the Ciech GM that was to vote profit allocation.

"We are waiting for potential moves of the investor," he said.

Ciech shares are currently subject to a PLN 29.5 per share bid by KI Chemistry which seeks a 66% stake, a bid hinging on participation of the State Treasury, which holds 38.7%. The tender offer runs until May 30.

Full profit retention is a condition set by KI chemistry in the ongoing tender offer for Ciech.

Poland's State Treasury has not yet stated its position in the share tender.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE