Electrolux agrees to sell idle factory in Memphis in the US
Electrolux (ELUXb.ST), Europe’s biggest appliances maker, has agreed to sell its idle factory in Memphis in the United States for $82.5 million, it said in a statement.
The Swedish group said late on Wednesday it aimed to finalise the deal with an undisclosed buyer, and book a gain of around 740 million crowns ($65.3 million) from it, in the fourth quarter.
The rival to U.S. group Whirlpool (WHR.N) halted production in Memphis in June, transferring production to a new factory in Springfield.
