Business Briefs

-- Forthnet SA on Wednesday said a general shareholders’ meeting decided to skip dividend payment for 2010. The meeting also approved a plan offering wider powers to its board, allowing its board to decide on raising the company’s equity capital and to issue convertible bond loans for a period of five years.

-- Greece’s Producer’s Price Index in the industrial sector (measuring both the domestic and external markets) rose 7.3 pct in May this year, compared with the same month in 2010, after an increase of 7.9 pct recorded in May 2010, Hellenic Statistical Authority said on Wednesday.

-- ATEbank on Wednesday announced the successful completion of a share capital increase plan worth 1,259,473,216 euros through cash and a rights offer to existing shareholders at a ratio of 13 new common voting shares for each old one at an offering price of 1.07 euros per share.

-- J&P-Avax SA, a Greek-listed construction group, on Wednesday said a general shareholders’ meeting approved a board plan to pay a 0.040 euros per share dividend to shareholders. Net dividend, after taxes, will total 0.0316 euros per share.

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