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    ELUX A — Electrolux AB News Story

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    Electrolux shareholders vote yes to $970 million share issue

    Picture of Electrolux AB logoElectrolux AB
    27/05/2026 09:12
    Electrolux shareholders vote yes to $970 million share issue 
    
    STOCKHOLM, May 27 (Reuters) - Electrolux ELUXb.ST shareholders on Wednesday approved the Swedish appliances maker's planned share issue.
    Electrolux, which has struggled for years with weak demand and cut-price competition, said in April it planned a 9 billion crown ($969.6 million) rights issue to fund a tie-up in North America with China's Midea 000333.SZ and other restructuring.
    ($1 = 9.2825 Swedish crowns)

     (Reporting by Greta Rosen Fondahn, editing by Anna Ringstrom and Terje Solsvik)
     ((anna.ringstrom@thomsonreuters.com))

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