Irish company pays out €134m to US parent firm

AUS medical devices firm has taken a dividend of almost €134 million from its Irish operations, despite the impact of a product recall on its finances.

15th August, 2009

AUS medical devices firm has taken a dividend of almost €134 million from its Irish operations, despite the impact of a product recall on its finances.

The dividend was paid by Stryker Ireland, which has operations in Cork and Limerick, to its US parent last year. It followed a dividend of more than €150million in 2007.The directors of the firm said the dividend reflected ‘‘continuing confidence in the Irish operations’’ and said it planned to...

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