Ercros SA (ES:ECR) has released an update.
At the General Meeting in Barcelona, Ercros SA president Antonio Zabalza discussed the ongoing takeover bids by Bondalti and Esseco, expressing confidence in the company’s future and its potential for a productive leap following the cyclical weakness in the European chemical sector. Shareholders approved a significant dividend payment of 9.6 euro cents per share, totaling 8.78 million euros, despite current market uncertainties and influenced by a Constitutional Court ruling that added 26 million euros to the year’s profits. The board also proposed the renewal of its directors to handle the takeover process effectively, with a commitment to resign to allow shareholder-driven board renewal post-takeover bids.
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