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General

KPN CEO tells shareholders to expect lower dividends

Wednesday 9 April 2014 | 10:30 CET | News
Shareholders of KPN should not expect remuneration as high as under the previous CEO Ad Scheepbouwer, the current CEO Eelco Block said in an interview with Dutch paper Het Financieele Dagblad. Extensive share buybacks and generous dividends are not in the long-term interest of the company, Blok said. In the period 2000-2010, the operator paid out around EUR 16 billion to shareholders. According to Blok, the balance between employees, shareholders and customers will be different going forward. The high shareholder remuneration in the past has put pressure on the company's financial position.

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Categories: General
Companies: KPN
Countries: Netherlands
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