GN completes divestment of BelAudição
14 Setembro 2023 - 9:30AM
GN completes divestment of BelAudição
Continued execution of GN’s capital plan
generating net proceeds of DKK ~500m
Today, GN has successfully completed the
divestment of BelAudição, Unipessoal Lda (“BelAudição”) to MCH
Private Equity, bringing in net proceeds of DKK ~500 million.
Following the announcement on June 28, 2023, the buyer has obtained
anti-trust clearance and completed financing.
The transaction demonstrates GN’s commitment to
its successful strategy of not owning retail and instead focus on
being a key supplier to strong independent hearing aid dispensers.
Further, the divestment is an important milestone in GN’s capital
plan to strengthen the capital structure where proceeds from
selected asset disposals amount to DKK 1-2 billion. The divestment
of BelAudição contributes DKK ~500 million of that target.
Søren Jelert, GN Group CFO, says: “We are
very pleased to finalize the divestment of BelAudição, which is an
important step in executing our capital plan while ensuring that
BelAudição has strong backing to continue their successful growth
journey with GN Hearing as a key supplier.”
For further information, please contact:
Investor RelationsAnne Sofie Staunsbæk Veyhe +45 45 75 85
06Rune Sandager +45 45 75 92 57 Media Relations Steen Frentz
Laursen +45 20 65 34 20
About GN
GN brings people closer through our leading intelligent hearing,
audio, video, and gaming solutions. Inspired by people and driven
by innovation, we deliver technology that enhance the senses of
hearing and sight. We help people with hearing loss overcome
real-life challenges, improve communication and collaboration for
businesses, and provide great experiences for audio and gaming
enthusiasts.
GN was founded more than 150 years ago with a vision to connect
the world. Today, inspired by our strong heritage, GN touches more
lives than ever with our unique expertise and the broadest
portfolio of products and services in our history – bringing people
closer to what is important to them.
We market our solutions with the brands Jabra, ReSound,
SteelSeries, Beltone, Interton, BlueParrott, Danavox, and FalCom in
100 countries. Founded in 1869, GN Group employs more than 7,500
people and is listed on Nasdaq Copenhagen (GN.CO).
Visit our homepage GN.com - and connect with us on LinkedIn,
Facebook and https://twitter.com/gnstorenord
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