Benoît Feron quoted by De Tijd regarding Sapec's proceeds distribution following sale of its agro business
Shareholders to receive proceeds of Agrobusiness sale via dividends
23 June 2017
During Sapec's annual shareholders meeting on Tuesday 20 June 2017, approval was given to the distribution of EUR 150 dividends, which will see proceeds of the company's sale of Agrobusiness flow towards Sapec shareholders.
The decision follows the company's examination of how it would appropriately distribute a majority of the sale proceeds to its shareholders. Benoît Feron, Partner in the Corporate - M&A practice, advised Sapec and underlined that the company explored all possibilities to find the optimal solution, which needed the final approval of the Ruling Commission within the Federal Public Service for Finance.