Scandal for the Privatization of Transener: with a Dividend Distribution, the Neuss Recovered Two Thirds of What Was Paid
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4 Articles
What was the government's strategy by avoiding Transener's dividend distribution during the first half of the year?
The directory of the electric conveyor approved an extraordinary distribution of accumulated profits just finished perfecting the transfer of the state participation in Citelec. The episode reopened questions about the valuation of a strategic asset and about the destination of reserves generated when ENARSA was still participating in the control, although the new consortium did not [...]
The new owners of the transporter decided to distribute 256 billion in dividends, money that came from profits accumulated before privatization. Almost the value that cost them to buy it.
The business group assumed control of the electric conveyor at the end of August. Days later, the board authorized a distribution of profits obtained in previous years.
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