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    ELUX A — Electrolux AB News Story

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    Electrolux sets subscription price for nearly $1 billion rights issue

    Picture of Electrolux AB logoElectrolux AB
    21/05/2026 19:31
    May 21 (Reuters) - Electrolux ELUXb.ST set a subscription price for its earlier-announced 9.1 billion Swedish crowns ($975.96 million) rights issue at 16.75 crowns per share, the company said on Thursday, in a bid to support its restructuring measures.

The appliance maker, which has struggled in the face of weak demand and cut-price competition, has been restructuring and focusing on more premium categories to try and lift profitability.

($1 = 9.3242 Swedish crowns)

 (Reporting by Kanjyik Ghosh in Barcelona; Editing by Chris Reese)

 ((Kanjyik.Ghosh@thomsonreuters.com;))

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