C.W. Obel is a former Danish tobacco manufacturing company which now serves as an

investment company An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the ...

fully owned by the foundation Det Obelske Familiefond. Its activities comprise real estate and private equity investments as well as partial ownership of

Scandinavian Tobacco Company Scandinavian Tobacco Group is a manufacturer of cigars and traditional pipe tobacco. The city company is headquartered in Copenhagen, Denmark, and is a publicly listed Company on NASDAQ Copenhagen. History The company can trace its origin back ...

, Tivoli A/S and

Fritz Hansen Fritz Hansen, also known as Republic of Fritz Hansen, is a Danish furniture design company. Designers who have worked for Fritz Hansen include Arne Jacobsen (1902–1971), Poul Kjærholm (1929–1980), Hans J. Wegner (1914–2007) and Piet Hein ...

through Skandinavisk Holding A/S.

History

The company was founded in 1787. On his mother's and stepfather's death in 1828, Christen Winther Obel took over the factory, changing its name to C.W. Obel. Under Obel's leadership, the factory became the city's main employer, a position it maintained for many years. In 1857, steam engines were introduced in the production and a production of cigars was set up. The factory was several times damaged by fires and a new factory was built on the outskirts of Aalborg in 1898. It was later expanded several times. In 1919, C.W. Obel opened a branch in Copenhagen. In 1937, the company was converted into a family-owned stock company (''

aktieselskab ''Aktieselskab'' (; Abbreviation, abbr.: A/S, or a/s, Unicode ; literally meaning: "stock company") is the Denmark, Danish name for a stock-based corporation. An ''aktieselskab'' may be either publicly traded or private. Liability The sharehold ...

'') and the Copenhagen branch moved into newly acquired premises in Obels Gård at

Vestergade Vestergade ( lit. "West Street") is a street in central Copenhagen, Denmark, linking Gammeltorv in the northeast with the City Hall Square in the southwest. The street defines the southern boundary of Copenhagen's Latin Quarter. Most of the build ...

No. 2. The Obelisk Family Fund (''Det Obelske Familiefond'') was established in 1956. In 1961, C.W. Obel merged with Chr. Augustinus Fabrikker and R. Færchs Fabrikker under the name Skandinavisk Tobakskompagni. In 1971, C.W. Obel A/S was listed on

Copenhagen Stock Exchange The Nasdaq Copenhagen, formerly known as the Copenhagen Stock Exchange ( da, Københavns Fondsbørs), is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options. ...

but was delisted in 2001.

Company

The company is headquartered in Obels Gård at Vestergade 2 in Copenhagen.

C.W- Obel Ejendomme

In 1998, the real estate division was established under the nam
C.W. Obel Ejendomme A/S
a wholly subsidiary owned by C.W. Obel A/S. C.W. Obel Ejendomme owns a portfolio of approximately 50 properties in Copenhagen, Aalborg and Aarhus.

Skandinavisk Holding A/S

C.W. Obel owns 35% of Skandinavisk Holding which owns 51% of

Scandinavian Tobacco Group Scandinavian Tobacco Group is a manufacturer of cigars and traditional pipe tobacco. The city company is headquartered in Copenhagen, Denmark, and is a publicly listed Company on NASDAQ Copenhagen. History The company can trace its origin back ...

, 100% of

and 31% of Tivoli A/S. The foundation Augustinus Foundation (''Augustinus Fonden'') owns the remaining 65% of the company.

Equity investments

* Semco Maritime A/S (100%) * SGD-Bera A/S (100%) * Danfoss Semco A/S * Fire Protection (40%) * Dansk Mink Papir A/S (28%) (owned through DMP Partners A/S) * Erhvervsinvest II K/S * CMC Biologics Sarl (10%) (owned through European Equity Partners)

C.W. Obel Foundation

The Obelisk Family Fund (''Det Obelske Familiefond'') was established in 1956. the foundation is based in Aalborg. It makes donations to philanthropic projects, especially in North Jutland, as well. It also supports members of the Obel family.

References

External links

C.W. Obel Ejendomme Official website
{{Authority control Investment companies of Denmark Holding companies of Denmark Real estate companies of Denmark Private equity firms of Denmark Tobacco companies of Denmark Companies based in Copenhagen Danish companies established in 1787 Foundations based in Denmark