Jobindex owner strips business of all cash

23 Mar 2015
Denmark's Jobindex wants to pay out all the cash its has on hand as a dividend to the shareholders, to avoid paying interest to the banks where the money has been deposited!Since Danish banks will pay negative interest on deposits in 2015, and holding bonds pays close to zero percent interest at this stage, the board of Jobindex suggested that all cash held by the company on Dec. 31 last year

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Lars Herlin

Lars Herlin is an AIM Group senior analyst for Europe, and our expert on Schibsted. He had a long career in journalism at Expressen, Svenska Dagbladet and VeckansAffärer, and served as managing editor and later managing director of Gotlands Allehanda.