Wednesday 22 October 2014
 
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Electrolux

Electrolux buys GE Appliances for $3.3bn

Sweden's Electrolux said it had agreed on its biggest ever deal, buying General Electric's appliances business for $3.3 billion in cash to boost its presence in North America and take on rival Whirlpool. "GE's premium,

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Electrolux buys GE Appliances for $3.3bn

Sweden's Electrolux said it had agreed on its biggest ever deal, buying General Electric's appliances business for $3.3 billion in cash to boost its presence in North America and take on rival Whirlpool. "GE's premium,

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Electrolux Egypt restarts full production

Electrolux, the world's No. 2 home appliances maker, said on Monday it had restarted full production in Egypt, almost two weeks after it suspended its operations due to violence in the country.   The Swedish

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GM, Metro reopen in Egypt facilities

General Motors and German retailer Metro AG reopened facilities in Egypt on Sunday while Electrolux extended plant closures until security stabilises.   Electrolux, the world's second-biggest home appliances

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Electrolux extends plant closure in Egypt

Electrolux, the world's second-biggest home appliances maker, on Sunday extended the closure of its Egyptian facilities until security stabilises.   Electrolux, which has nearly 7,000 employees in Egypt, susp

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Top international firms close Egypt units

Three major international companies have temporarily closed their production units or offices in Egypt after the deadly clashes between security forces and supporters of ousted president Mohamed Mursi that resulted in the death of more than 50

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Electrolux halts Egypt production

Home appliances maker Electrolux said on Thursday it had halted all production in Egypt, where it has around 7,000 employees, due to increasing unrest in the country.   "(Electrolux) chose to discontinue pro

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US honour for Bahraini firm

One of Bahrain's leading trading companies, Yusif bin Yusif Fakhro, has been honoured by Electrolux International from the US. 'Our relationship with Yusif bin Yusif Fakhro spans more than three decades,' said Electrolux Intern

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Electrolux honours partner for 30 years

Electrolux International, a leading manufacturer of home appliances, has honoured Yusif bin Yusif Fakhro, one of Bahrain’s leading trading companies, for its partnership of 30 years. “Our relationship with Yusif bin Yusif Fakhro spans more

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Electrolux to pay cash for Olympic purchase

Olympic Group said on Monday its acquisition by Sweden's Electrolux AB remained an all-cash deal despite the lower price and the Egyptian firm would now expand into new European markets. Asked about payment, Olympic's Chief Financial Offic

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