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Hidroelectrica proposes shareholders EUR 260 mln dividends

Romanian state-controlled hydropower group Hidroelectrica convened shareholders on May 26 to approve the distribution of 90% of last year's RON 1.39 billion (EUR 290 mln) profit as dividends. The company's management proposed the dividend payout ratio abut the shareholders - the Romanian state (80%) and investment fund Fondul Proprietatea (20%) - have the final decision. Fondul Proprietatea would receive RON 250 mln (EUR 42 mln) ...

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