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Kardex AG Completes Sale of Its Stow Division to Averys; to Issue FY 2012 Special Dividend


Wednesday, 31 Jul 2013 11:50am EDT 

Kardex AG announced that it has completed the sale of its Stow Division to Averys. The purchase price was approximately EUR 76 million. Furthermore, the Company plans to distribute approximately CHF 30 million to shareholders in the form of a special fiscal year 2012 dividend of CHF 4.00 per share, which is tax-free for private Swiss individuals, from its capital contributions reserve. 

Company Quote

41.75
-0.3 -0.71%
11:30am EDT