August 12, 2015 / 6:23 AM / 2 years ago

Czech bank GE Money proposes $808 mln dividend for sole owner

PRAGUE, Aug 12 (Reuters) - Czech bank GE Money has proposed paying a 19.7 billion crowns ($808.30 million) dividend to its sole owner, GE Capital International Holdings, said in a statement on Wednesday.

GE Money's parent group, General Electric, said in April it would shed most of its finance unit. The divestment is planned to take place within two years. ($1 = 24.3720 Czech crowns) (Reporting by Robert Muller; editing by Susan Thomas)

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