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Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents

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Natixis SA Proposes Exceptional Cash Distribution to Shareholders

Thursday, 18 Jul 2013 11:35am EDT 

Natixis SA announced that its Board of Directors will propose the Company's General Meeting of Shareholders of July 31, 2013 an exceptional cash distribution of EUR 0.65 per share, reflecting a total amount of approximately EUR 2 billion, as part of the plan to simplify the structure of the BPCE Group and Natixis SA. This exceptional cash distribution is subject to the prior sale of all of the Cooperative Investment Certificates (certificats cooperatifs d'investissement or CCI) held by Natixis SA in the Banques Populaires banks and the Caisses d'Epargne. The proposed exceptional cash distribution to the shareholders would be paid on August 19, 2013 with the record date of August 14, 2013. 

Company Quote

-0.03 -0.58%
20 Aug 2014