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PATRIZIA Immobilien to resume dividend payout

The board of PATRIZIA Immobilien AG intends to pay, for the first time since 2007, a dividend of 25 euro cents per share for 2017.

The diversified German real estate investor said its board is proposing the payout to shareholders, to be paid in cash or shares in the company.

The reinstatement of the distribution follows strong 2017 earnings results, the company said.