The Traderszone Network

Published in TZ Latest News 11 July, 2014 by The TZ Newswire Staff

Whirlpool to buy majority stake in Italy’s Indesit for $1 billion

Whirlpool said it will buy a 42.7 percent stake in Indesit from Fineldo SpA, the top investor in Indesit, while certain members of the Merloni family will sell a 13.2 percent stake and Claudia Merloni will sell a 4.4 percent stake in Indesit. The total of 60.4 percent of Indesit stock capital represents a 66.8 percent voting stake, Whirlpool said.