the Danish flagship hi -fi Bang & amp; Olufsen (B & amp; O) is passing into the hands of Chinese billionaire Qi Jianhong, become, Thursday, April 7, the majority shareholder by buying 13.1% of B & amp; O, raising its stake to 18.7% of the group . Qi Jianhong purchased the shares at a price of 85 crowns, while the closing price stood Thursday at around 75 crowns action.
Owners of Sparkle Roll Group products distributor luxury, Qi Jianhong consider to repurchase all of the Danish company. But some analysts felt Friday in the local press that the purchase price to 85 crowns could be considered too low for the Chinese billionaire can hope to buy the remaining shares at the same price.
Slow tumbleWhat in any case, the arrival of Sparkle Roll Group as majority shareholder does not depend on an impulsive decision. It is the new episode of an established relationship and reflects the slow tumble of an icon. The two companies cooperate for years. By 2012, they had begun a partnership to support the growth of B & amp; O in China without it improves its horizon. Its course is suspended in April 2014 when a failed capital increase and in January 2015, the Board resolved to find a buyer
A few months later, B & amp;. O sells Automotive, …
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