BENTON HARBOR, Mich.,
Oct. 13, 2014 /PRNewswire/
-- Whirlpool Corporation (NYSE: WHR) announced today that the
European Commission approved the acquisition of a majority stake in
Indesit Company S.p.A. (BIT: IND) by Whirlpool Italia Holdings
S.r.l., the company's wholly owned subsidiary.
European Commission approval is an important milestone in
meeting the closing conditions under the share purchase agreement
entered into with Fineldo S.p.A. on July 10,
2014. The company expects to complete the next steps
necessary for closing the transaction in the near future.
About Whirlpool Corporation
Whirlpool Corporation is the world's leading global manufacturer
and marketer of major home appliances, with annual sales of
approximately $19 billion in 2013,
69,000 employees and 59 manufacturing and technology research
centers around the world. The company markets Whirlpool, Maytag,
KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht and
other major brand names. Additional information about the company
can be found at http://www.whirlpoolcorp.com.
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SOURCE Whirlpool Corporation