Indesit may attract binding offer from Whirlpool
Whirlpool, the Michigan-based electrical goods producer, is ready to make a binding offer for a strategic stake in Indesit, the listed, Italian white goods group, Italian-language daily Il Sole 24 Ore reported. The report cited market rumours.
The report noted that contrary to expectations Indesit did not appoint an advisor to handle the sale of a strategic stake when its board met yesterday 21 March.
The report said that Indesit presently has a shortlist of four candidates to take a stake in the company: Chinese white goods group Haier, Turkish industrial group Arcelik, German group Bosch and Whirlpool.
Indesit has a market cap of EUR 1.246bn.
Source Il Sole 24 Ore