Galanz to acquire a 61% stake in Whirlpool China for $375m.

Synopsis

Galanz, a manufacturer of electronic home appliances, agreed to acquire a 61% stake in Whirlpool China, a manufacturer and wholesaler of domestic appliances, for $375m.

Principals

target

Whirlpool China

bidder

GALANZ

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Market Context

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Bidder Team (1)

liang zhaoxian

President at GALANZ

Manager

bidder

Deal

£ 287 M

Total Value

Vendor Team (1)

marc bitzer

CEO at WHIRLPOOL CORPORATION

Manager

vendor

Deals

£ 3.82 B

Total Value

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