Whirlpool to divest parts of EMEA business
U.S. home appliances maker Whirlpool Corp said on Tuesday it would divest parts of its Europe, Middle East and Africa (EMEA) business and form a new Europe-focused entity with Turkish household appliances manufacturer Arcelik.
Source: www.reuters.com
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(Reuters) - U.S. home appliances maker Whirlpool Corp said on Tuesday it would divest parts of its Europe, Middle East and Africa (EMEA) business and form a new Europe-focused entity with Turkish household appliances manufacturer Arcelik.
Whirlpool will own 25% of the new entity while Arcelik will have the rest, the U.S. company said.
Reporting by Akanksha Khushi in Bengaluru; Editing by Subhranshu Sahu
