March 22, 2018 / 6:39 AM / in 7 months

BRIEF-CIE Automotive Proposes Extraordinary Dividend In Kind Through Distribution Of Global Dominion Shares

March 22 (Reuters) - CIE AUTOMOTIVE SA:

* SAID ON WEDNESDAY PROPOSES EXTRAORDINARY DIVIDEND IN KIND THROUGH DISTRIBUTION TO SHAREHOLDERS OF 0.65709 GLOBAL DOMINION SHARES FOR EVERY 1 CIE AUTOMOTIVE SHARE

* SAYS WILL “UNCONSOLIDATE” ITS PARTICIPATION IN GLOBAL DOMINION STARTING IN Q3 2018 WITH ITS ASSOCIATED EFFECT ON ASSETS AND EQUITY

* SAYS OPERATION WILL HAVE NO MATERIAL IMPACT ON CIE’S NET FINANCIAL DEBT

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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