Kaufman et Broad to pay 4.83 eur interim div when PAI stake purchase completed |
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Published
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Wed, 04 Jul 2007 07:30
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PARIS (Thomson Financial) - French homebuilder Kaufman et Broad SA said it will pay an interim dividend of 4.83 eur per share once the acquisition of a 50.01 pct stake in the group by a unit of private equity company PAI Partners has been completed.The purchase is being carried out through Financiere Gaillon 8 SAS, controlled by funds managed by PAI.The dividend is subject to arrangements for funding of the deal to be approved by 5 pm on July 11, the company said.Andrew.Newby@Thomson.comanCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Kaufman et Broad 5.06 pct owned by Schroders 