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BRIEF-BAWAG Group plans IPO in 2017
September 27, 2017 / 6:53 AM / 2 months ago

BRIEF-BAWAG Group plans IPO in 2017

Sept 27 (Reuters) - BAWAG Group AG:

* IPO IN 2017 PLANNED​

* ‍MANAGEMENT IS COMMITTED TO AN ANNUAL DIVIDEND PAY-OUT OF 50% OF NET PROFIT AND DEPLOYING EXCESS CAPITAL GENERATED OF OVER EUR 1 BILLION​

* BAWAG GROUP AG, HOLDING COMPANY OF BAWAG P.S.K., PLANS AN IPO AND LISTING OF ITS SHARES ON VIENNA STOCK EXCHANGE (IPO)​

* ‍ANNUAL DIVIDEND PAY-OUT OF 50% OF NET PROFIT AND DEPLOYING EXCESS CAPITAL GENERATED OF OVER EUR 1 BILLION PLANNED THROUGH 2020​

* OFFERING WILL CONSIST OF EXISTING ORDINARY SHARES​

* MARKET CONDITIONS PERMITTING, LISTING IS EXPECTED TO OCCUR IN Q4 2017​ Source text for Eikon: (Gdynia Newsroom)

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