Indesit controlling shareholder will examine binding offers on 15 June
Finelco, the holding company of the Merloni family that controls the listed Italian white goods group Indesit, will examine binding offers for a strategic stake in the company on 15 June, the Italian language daily Il Sole 24 Ore reported. The unsourced report noted that Finelco is looking to close a sale by 15 July.
The item noted that Turkish white goods maker Arcelik, German industrial group Bosch, and the US-listed, Michigan-based Whirlpool are presently believed to be in the bidding. The report said that Whirlpool is believed to be the frontrunner.
The item added that some market rumours claim that Chinese group Haier and South Korean group LG could also be among the bidders.
Indesit has a market cap of EUR 1.06bn.
Source Il Sole 24 Ore