Popoviciu gets 0.8m-euro dividends from IKEA

IKEA, the biggest local furniture retailer, will pay out 3.44 million RON (0.8 million euros) in dividends to former shareholders, Engma Beheer and Turkmall Retail, companies that have businessman Puiu Popoviciu behind them.
He recently sold the IKEA store in Baneasa to the parent company he had originally taken the franchise from, in a deal put by ZF at over 30 million euros.
This is the third year when the businessman collects dividends from IKEA, after the company stepped into the black as early as in 2007, its first year of operating.
“The disbursement of 70% of the company’s retained earnings as estimated on 31 December 2009 has been approved, of which 3.4 million RON will be paid out in the form of dividends to the company’s partners,” reads an announcement published by the company in the Official Gazette. IKEA representatives could not be contacted for details yesterday.