Slovnaft pays out 25 per cent dividend

Refinery Slovnaft, after a shareholders' meeting yesterday lasting 7.5 hours, has agreed to pay out 25 per cent of last year's Sk4.5 billion ($980 million) profit, or 5.8 per cent of the nominal value of each share.

The dividend payment disappointed Slovnaft shareholders J&T and Penta Group, self-styled corporate raiders who control 15 per cent in the refinery.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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