Arcelik's Acquisition of Whirlpool's EMEA Domestic Appliances to Be Probed by U.K. Regulator
11 Julho 2023 - 3:53AM
Dow Jones News
By Ian Walker
The U.K. Competition and Markets Authority said Tuesday that it
is considering whether Arcelik's planned acquisition of Whirlpool's
EMEA major domestic appliances business will lead to a relevant
merger situation within its markets.
The regulator said it is considering whether the deal will lead
to a substantial lessening of competition within any market or
markets in the U.K. for goods or services.
Ahead of a formal investigation the CMA is inviting comments
from interested parties and has set a deadline of July 25 for
them.
Whirlpool said in January that it had agreed to sell its Middle
East and Africa business to Arcelik.
In addition, Whirlpool said that it was merging its European
major domestic appliance business into a new jointly owned company
with Arcelik who would contribute its major domestic appliance,
consumer electronics, air conditioning, and small domestic
appliance businesses.
The new business would be 25%-owned by Whirlpool with the rest
owned by Arcelik and is expected to have combined sales of over 6
billion euros ($6.6 billion).
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
July 11, 2023 02:38 ET (06:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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