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BRIEF-Bang & Olufsen enters into an Automotive brand license agreement

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)