FRANKFURT (Reuters) -Deutsche Bank-owned fund manager DWS on Wednesday said it would propose a special dividend of up to 1 billion euros ($1.04 billion) in 2024 unless it makes any big acquisitions in the coming months. DWS also said it would divest businesses and by 2025 generate 100 million euros in savings through cost-cutting measures that would be reallocated to growth areas. In recent years, DWS has made big mergers and acquisitions a central part of its strategy.
Deutsche Bank-owned fund manager DWS on Tuesday said it would propose a dividend of up to 1 billion euros ($1.05 billion) in 2024, as the German company tries to move on from allegations that it misled investors over its green credentials. The announcement comes ahead of a briefing by company management of investors and analysts by new Chief Executive Officer Stefan Hoops. Earlier this year, Hoops took the helm of the fund manager in a management shakeup following allegations and regulatory investigations into the so-called greenwashing.
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