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Alteo Shareholders Approve HUF 400/Share Dividend

Green Energy

Shareholders of listed alternative energy company Alteo approved payment of a HUF 400-per-share dividend at an annual general meeting on Friday, the AGM resolutions show, according to state news wire MTI.

The dividend includes a HUF 200-per-share basic dividend and a HUF 200-per-share extraordinary dividend.

In its dividend proposal, the board noted that 2023 had been a "successful year" for Alteo "with high-profit generation, low debt, and high cash balances".

The dividend fund comes close to HUF 8 bln.

Hungarian oil and gas company MOL owns a 73.79% stake in Alteo.

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