Sep
03

European Finance Chiefs Struggle to Spend Cash

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Stronger profits and pressure from negative interest rates are prompting European CFOs to splurge on buybacks, dividends and capital investments

Finance chiefs at European, Middle Eastern and African companies have a luxury problem: figuring out how to spend $1.1 trillion in cash.

The top cash hoarders in the region are Total SA TOT -1.38% with €29.2 billion ($33.9 billion), Electricite de France SA EDF -1.38% with €28.3 billion and Volkswagen AGVOW3 -2.06% with €27.3 billion, according to a report by Moody’s Investors Service. The data covers 757 nonfinancial companies based in Europe, the Middle East and Africa and showed cash levels reached a seven-year high at the end of 2017…

European Finance Chiefs Struggle to Spend Cash

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Categories : Finance

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