Bang & Olufsen raises 259 million from capital increase

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

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.

TOP STORIES

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

  • Come and join us at Citizens Days!

    Come and join us at Citizens Days!

    On Friday 27 and Saturday 28 of September, The Copenhagen Post will be at International Citizen Days in Øksnehallen on Vesterbro, Copenhagen. Admission is free and thousands of internationals are expected to attend

  • Diversifying the Nordics: How a Nigerian economist became a beacon for inclusivity in Scandinavia

    Diversifying the Nordics: How a Nigerian economist became a beacon for inclusivity in Scandinavia

    Chisom Udeze, the founder of Diversify – a global organization that works at the intersection of inclusion, democracy, freedom, climate sustainability, justice, and belonging – shares how struggling to find a community in Norway motivated her to build a Nordic-wide professional network. We also hear from Dr. Poornima Luthra, Associate Professor at CBS, about how to address bias in the workplace.

  • Lolland Municipality launches support package for accompanying spouses

    Lolland Municipality launches support package for accompanying spouses

    Lolland Municipality, home to Denmark’s largest infrastructure project – the Fehmarnbelt tunnel connection to Germany – has launched a new jobseeker support package for the accompanying partners of international employees in the area. The job-to-partner package offers free tailored sessions on finding a job and starting a personal business.

Want to advertise your job with CPH Post?

Contact us

Jobs