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Dutch food ingredients firm CSM to return 250 mln euros to shareholders
June 18, 2013 / 5:07 AM / 4 years ago

Dutch food ingredients firm CSM to return 250 mln euros to shareholders

AMSTERDAM, June 18 (Reuters) - Dutch food ingredients group CSM NV, which is selling its core bakery business, said on Tuesday it would return 250 million euros ($333.69 million) to shareholders and set targets for its remaining business which will be renamed Corbion.

CSM shareholders will receive a special all-cash dividend of 0.70 euro per share, or 50 million euros in total, and the remainder through a share buy-back.

($1 = 0.7492 euros)

Reporting by Sara Webb

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