tiprankstipranks
Vidrala Sells Italian Business, Announces Dividend
Company Announcements

Vidrala Sells Italian Business, Announces Dividend

Vidrala (ES:VID) has released an update.

Don't Miss our Black Friday Offers:

Vidrala S.A. has finalized the sale of its Italian subsidiary to Verallia group for €230 million, resulting in a pre-tax gain of around €50 million. The divestment allows Vidrala to concentrate on strategic regions and results in an extraordinary dividend of €4.00 per share to be paid on July 12, 2024. This sale strengthens Vidrala’s financial position by reducing its debt to an estimated €325 million, about 0.7 times its EBITDA.

For further insights into ES:VID stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Spain Auto-Generated NewsdeskVidrala Shows Strong Earnings Growth Amid Modest Sales
TipRanks Spain Auto-Generated NewsdeskVidrala S.A. Schedules Q3 2024 Results and Conference
TipRanks Spain Auto-Generated NewsdeskVidrala Announces Capital Reduction and Share Update
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App