French retail specialist Altarea is to increase its equity base by EUR 69 mln after an overwhelming majority of shareholders opted for the payment of the 2011 dividend in shares.
French retail specialist Altarea is to increase its equity base by EUR 69 mln after an overwhelming majority of shareholders opted for the payment of the 2011 dividend in shares.
Altarea said it will issue 732,000 new shares with an issue price of EUR 94.31 for the payment of the 76% of its shareholders who opted for a compensation in stocks. An additional EUR 21 mln will be paid in cash.
