Loading
26-Aug-2010 11:05 AM

MAp to return AUD230m from ASUR sale as special dividend

MAp Group announced the AUD230 million sale proceeds of its 16% stake in Aeroportuario del Sureste (ASUR) will be returned to unitholders through a distribution equivalent to AUD12.5 cents per stapled security (The Australian/Sydney Morning Herald/The Age, 26-Aug-2010). MAp will declare the special distribution within weeks, and make payments shortly afterwards. The company recently sold its stake in ASUR at a USD28 million (AUD32 million) loss on its investment several years ago. 

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More