FRANKFURT (Reuters) – Thyssenkrupp’s (DE:) largest shareholder on Thursday dismissed speculation that it had backed calls for a special dividend.
The Alfried Krupp von Bohlen und Halbach foundation, Thyssenkrupp’s top investor with a 21% stake, had previously remained silent on the subject, even after activist fund Cevian last week denied such demands had been made.
“The foundation has never demanded a special dividend,” it said.
Some German media had speculated that Cevian called for a special dividend, to be paid out of potential proceeds from a planned sale or listing of Thyssenkrupp’s elevator division, adding the foundation had supported such calls.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.