Hugo Boss decides 350 mln euro special dividend -CFO
FRANKFURT, March 12 (Reuters) - Fashion company Hugo Boss proposed on Tuesday to raise its regular dividend for 2007 to 1.46 euros ($2.26) per preferred share (BOSG_p.DE: Quote, Profile, Research, Stock Buzz) from 1.20 euros for 2006, and to 1.45 euros per common share (BOSG.DE: Quote, Profile, Research, Stock Buzz) from 1.19.
On top of that Hugo Boss, majority owned by private equity group Permira [PERM.UL], will pay a special dividend of 5 euros per share, or around 350 million euros, Hugo Boss Chief Financial Officer Joachim Reinhardt told Reuters.
The special dividend, which will help Permira pay for its takeover of Italian fashion house Valentino, would be financed with the help of credit lines, Reinhardt said. (Reporting by Hendrik Sackmann; Editing by Tomasz Janowski)
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