Metrovacesa Delays its Dividend and Activates New Loans to Combat Covid-19

23 April 2020 – Brainsre.news

The property developer controlled by Banco Santander has decided to postpone the decision to distribute dividends to its shareholders until the second half of the year, due to the uncertainty caused by Covid-19.

Metrovacesa, the property developer controlled by Banco Santander and BBVA, has decided to postpone the decision to distribute dividends to its shareholders until the second half of the year, due to the uncertainty caused by Covid-19.

“The Board will study the appropriateness of a possible dividend payment, and its amount, in the second half of the year, after a more precise evaluation of the current situation, and of the evolution of the business during the initial recovery phase,” said the company in a statement to the National Securities Market Commission (CNMV).

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

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