Energia defers parent dividend due to Covid-19
Energy firm told investors it was withholding €40 million payment until it assessed the impact of the pandemic
Energia, the country’s second-largest electricity supplier, has postponed a €40 million dividend payment to its parent company because of Covid-19.
The company said in a presentation to debt investors in recent weeks that while it had sufficient amounts of liquidity available, it had decided to defer the payment until it determined the impact of Covid-19 on its business.
The payment was due to be made to I Squared Capital, the New York investment...
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