May 19 (SeeNews) - Bulgarian diversified group CBA Asset Management [BUL:C81] plans to distribute no dividend for 2019, it said.
The group's shareholders will vote on the proposal at a general meeting scheduled for June 30, CBA Asset Management said in a bourse filing late on Monday.
Earlier this month, CBA Asset Management wrapped up the acquisition of 100% of local company SPMI. Veliko Tarnovo-based SPMI holds 50% in CBA, the operator of a supermarket chain under the CBA brand. CBA operates its supermarket chain under a licensing agreement signed with CBA Asset Management.