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Oberland Glas pays out heavily taxed capital

German glass manufacturer Oberland Glas AG, part of the French Saint-Gobain group, intends to completely disburse its equity capital, which is subject to 45% corporation tax.
This would translate int…

German glass manufacturer Oberland Glas AG, part of the French Saint-Gobain group, intends to completely disburse its equity capital, which is subject to 45% corporation tax. This would translate into a dividend of DM 68 per share (1999: DM 32). Changing the name into Saint-Gobain Oberland AG was approved at the company“s AGM early in December 2000.

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