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Transgaz will pay EUR 115 mln dividends

State-owned gas transporter Transgaz will pay its shareholders a gross dividend of RON 45.38 per share instead of RON 25.22 per share as the company’s board of directors proposed. The total dividends will thus amount to RON 534 million (EUR 115 million), representing 90% of the company’s net profit from 2017. The Transgaz management argued that distributing 90% of its profit would make it difficult for it to finance ...

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