US EditionOne of Danish Main Company Sells Branch in Billion DKK Deal - The Copenhagen Post
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6 Articles
Operation of 2.3 billion with a mixed offer between paper and shares. Closing by end 2026. Down the title
GN Store Nord is expected to have completed the sale of its hearing aid business before the end of the year.
The deal is subject to regulatory approval and is expected to close by the end of 2026.
While the stock market yesterday welcomed GN Store Nord's plans to divest its largest and most important business, GN Hearing, the company's largest shareholder is left with a black buck. For several years, GN's largest competitor Demant has indirectly been a co-owner of the rival through its main shareholder William Demant Invest. The latter thus diligently bought up GN shares in the fall of 2022 during a period when several potential buyers we…
One of Danish main company sells branch in billion DKK deal - The Copenhagen Post
Danish company GN Store Nord has agreed to sell its hearing aid business in a deal valued at about 17 billion DKK. The company said in a stock exchange announcement Monday that the business will be sold to the Italian company Amplifon. The agreement includes a cash payment of just over 12.6 billion DKK. GN […]
GN sells core business for DKK 17 billion – the share price soars GN Store Nord is making a landmark strategic shift and selling off one of the large businesses that has characterized the company for years
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