March 31 (Reuters) - Bang & Olufsen A/S :
* Enters into an Automotive brand license agreement and transfers its Automotive assets to HARMAN to focus on scaling the core consumer business based on the Bang & Olufsen and B&O PLAY brands
* Deal includes upfront cash payment of about 1.17 billion Danish crowns ($168.10 million)
Source text for Eikon: Further company coverage: ($1 = 6.9601 Danish crowns) (Gdynia Newsroom)