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April 26, 2004
By: TOM BRANNA
Editor
Procter & Gamble Holding GmbH & Co Operations oHG (P&G), a wholly owned subsidiary of The Procter & Gamble Company, will propose a reduction in the Wella dividend to euro 0.06 for preference shares and euro 0.04 for ordinary shares at the Wella Annual General Meeting (AGM).As Wella’s majority shareholder, P&G executives believe the long-term growth and health of the Wella business is best served by retaining funds within the company to provide investment flexibilit...
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