CPH Post

Business

Bang & Olufsen raises 259 million from capital increase

New shares in luxury electronics company fully subscribed for after one day


Some of the money will be spent on research and development (Photo: Scanpix)

June 20, 2014
12:39

by Philip Tees


Bang and Olufsen announced this morning that it has finalised a capital increase by issuing shares with a nominal value of more than 39 million kroner. The issuance, which was announced yesterday, was fully subscribed.

The shares, with a nominal value of 10 kroner each, were subscribed for at a price of 66 kroner each and they are expected to be listed on the Copenhagen Stock Exchange from June 27. Bang & Olufsen will receive gross proceeds of more than 259 million kroner from the allocation.

In a press release, the company stated that the funds will be used for investing in retail, marketing, and branding, as well as for research and development to strengthen its product portfolio.



Related stories



Latest Comments

So what is the unemployment rate...............................

(Tom Therkelsen on November 28, 2014 19:28)

Grad school and PhD is supposed to be stressful because you learn and...

(Sri Iyer on November 28, 2014 19:21)

Thanks to the U.S. using tech to get to the shale oil deposits.

(Tom Therkelsen on November 28, 2014 19:18)

This article discusses overt symptoms, but not causation. Is it that elderly...

(Bill Jones on November 28, 2014 19:06)

Bout time. welcome to the 1st world!

(Bobby McBride on November 28, 2014 15:03)

The only thing more American than shopping on Black Friday, is not shopping...

(Mark Gabriel on November 28, 2014 13:54)

So we need public authorities to prevent this guy from coming into the...

(Paulo Claro on November 28, 2014 11:53)

This is such bullshit

(Kathryn Giallonardo on November 28, 2014 05:21)

What gets me is there is a base load power station running full time anyway...

(Erwin Wyandah Cutting Horses on November 28, 2014 00:30)

Wow, hurrah for stone-age wood chopping.

(Zara Bieler on November 27, 2014 18:54)