
The proposal for a new capital structure, where profits, going forward, will be distributed among shareholders in the form of higher dividends gives stakeholders - including the biggest one, the Lauritzen Foundation - hopes of higher returns.
The Lauritzen Foundation currently owns 38.3 percent of DFDS and the foundation received around USD 13.5 million in returns from the shipping and logistics company in 2012. According to the foundation's CEO, Bent Østergaard, who also serves as Chairman of DFDS, the primary goal of the new capital structure and dividend policy is not to secure bigger returns, he says:
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app