Three Companies Expected to Compete for a Stake in Indesit
All companies interested in purchasing a stake in Indesit must have a proposition in place by June 27, and its expected that three companies will be in the running: Whirlpool, Electrolux, and a Chinese government owned refrigeration company called Meiling. If Whirlpool is selected, they intend to invest money into Italy to begin manufacturing premium appliances in the country, which is in line with Indesit’s goals. If Electrolux is selected, they are likely to use their strong research and development to convert and update Indesit’s product portfolio. Meiling is expected to bring money to the table but it cannot offer Indesit much else.
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