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Daily events from Denmark

The latest news from Denmark in Еnglish


Wednesday Business Overview: Management Profits from Acquisition, Legal Challenges, Shareholder Concerns, Energy Crisis, and Environmental Initiatives

The top management of Bavarian Nordic stands to gain over 120 million kroner if private equity funds Nordic Capital and Permira successfully acquire the company, a deal recommended by the management itself. CEO Paul Chaplin is expected to receive 89 million kroner, while CFO Henrik Juuel could gain 34 million kroner.

The EU Commission has approved a multi-billion kroner plan to create vast forests in Denmark. The state can now invest 4.7 billion kroner in afforestation projects until 2030, aiming to convert almost 400,000 hectares of agricultural land into nature, with 250,000 hectares designated for forests.

Small shareholders of Bavarian Nordic are at risk of being outmaneuvered by the private equity funds in the acquisition deal. Disgruntled shareholders see the situation as unfavorable, potentially leading to significant losses.

Lisa Cook, a board member of the American National Bank, is suing former U.S. President Donald Trump for wrongful termination. Cook’s lawyer asserts that Trump lacked the authority to remove her from her position.

The EU remains committed to its stricter regulations on major technology companies, despite threats from Donald Trump. An EU Commission spokesperson emphasized the EU’s sovereign right to regulate economic activities within its territory.

Ørsted faces a significant crisis due to substantial financial losses, although experts do not consider it life-threatening. The company has experienced repeated setbacks in the American market.