Edition:
India

AkzoNobel To Conduct 2 Billion Euros Capital Repayment And Share Consolidation


Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - AKZONOBEL NV ::REG-AKZONOBEL TO CONDUCT €2 BILLION CAPITAL REPAYMENT AND SHARE CONSOLIDATION, RETURNING VAST MAJORITY OF NET PROCEEDS FROM SALE OF SPECIALTY CHEMICALS.SPECIAL CASH DIVIDEND OF EUR 1 BILLION AND SHARE BUYBACK OF EUR 2.5 BILLION WILL BE CONDUCTED FOLLOWING CAPITAL REPAYMENT AND SHARE CONSOLIDATION.A TOTAL OF EUR 6.5 BILLION WILL HAVE BEEN DISTRIBUTED TO SHAREHOLDERS.