BA-CA: Annual General Meeting approves squeeze-out
At the Annual General Meeting of Bank Austria Creditanstalt (BA-CA), the squeeze-out of minority shareholders against a cash compensation of EUR 129.4 was approved yesterday evening with a majority of 98.6 per cent of the voting rights (under the new Austrian Squeeze-out Act). This is significantly above the 90 per cent level required under Austrian law. The announced proposal for a dividend of EUR 4 for 2006 was accepted (2005: EUR 2.50).
Details of the decisions can be downloaded shortly on BA-CA’s website at http://ir.ba-ca.com
IR Release download (PDF, 94 KB)