Announced
Financials
Sources
Tags
household appliances
Acquisition
Private
Pending
Friendly
Italy
Household Appliance
Single Bidder
Synopsis
Qingdao Haier Co. Ltd, Chinese home appliances maker, to acquire Candy S.p.A., Italian home appliances maker. Qingdao Haier and Candy are highly complementary in brand and product portfolios, as well as supply chains. The combination is expected to further enhance both sides’ competitiveness in the European and global markets.The transaction is expected to be completed in early 2019.
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