Electrolux shareholders vote yes to $970 million share issue

Electrolux AB

27/05/2026 09:12

    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))