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The operating subsidiaries pay dividends to the holding company in proportion to their respective equity, provided that:
  • the net profit is adequate to support such a distribution;
  • the dividends will not compromise the perspective financial equilibrium of the company.

The shareholders’ meeting can resolve for a higher dividends distribution in case of an extraordinary profitability.

Dividends to the holding company's shareholders may be distributed to the extent of 1% of the net equity only in case of balanced dry bulk market conditions.