GN's scrapped capital raise: Norges Bank voted no, William Demant Invest abstained

While the Norwegian bank contributed substantially to GN’s decision to retract a proposed DKK 7bn capital raise, William Demant Invest did not stand in the way.
Photo: Gn/pr
Photo: Gn/pr
by marketwire & daniel pedersen

Hearing company GN Group’s plans to raise DKK 7bn (USD 1bn) were scrapped the day before its annual general meeting earlier this week, when GN learned that advanced balloting made it impossible to garner the required two-third majority.

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