Electrolux has its headquarters in Stockholm
BUSINESS

Electrolux Bids for Daewoo Electronics

Swedish home appliance maker Electrolux is bidding to buy Daewoo electronics. Electrolux is one of two preferred bidders with a deal expected in August.

"I can confirm that we have placed an indicative bid for the major appliances division of Daewoo that is non-binding," said spokesperson for Electrolux, Anders Edholm.

Daewoo Electronics produces mass market appliances including microwaves, refrigerators, vacuum cleaners and washing machines, and is South Korea's third-largest electronics goods maker. Electrolux is reported to be looking to expand in South East Asia.

Our journalism is based on credibility and impartiality. Swedish Radio is independent and not affiliated to any political, religious, financial, public or private interests.
Du hittar dina sparade avsnitt i menyn under "Min lista".