STOCKHOLM, Dec. 20, 2022 /PRNewswire/ -- The
divestment of the Electrolux manufacturing facility in Memphis, Tennessee, USA, will not be completed
as expected since the buyer requested to move closing of the
transaction to the first half-year 2023.
As communicated on October 12,
2022, Electrolux had agreed to divest the Memphis facility for a cash consideration of
USD 82.5m (approx. SEK 930m),
which was expected to be completed during the fourth quarter 2022.
Completion of the transaction is still contingent on various
factors.
Electrolux production in Memphis stopped on June
30, 2022, and the operations have been transferred to the
new facility in Springfield,
Tennessee.
This is information that AB Electrolux is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the contact person
set out above, on 19-12-2022
21:00 CET.
For further information, please contact:
Sophie Arnius, Investor Relations, +46 70 590 80 72
Paul Palmstedt, Corporate Communications, +46 70 593 92 83
The following files are available for download:
https://mb.cision.com/Public/1853/3687302/878e2d868fba4a94.pdf
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221219 PRM Memphis
divestment postponement
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