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ARCLK.E — Arcelik News Story

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Brief: Arcelik Says It Signs Agreement To Sell 60% Stake In Arcelik Hitachi To Hitachi Global Life Solutions

April 21 (Reuters) - Arcelik ARCLK.IS:

ARCELIK - SIGNS AGREEMENT TO SELL 60% STAKE IN ARCELIK HITACHI TO HITACHI GLOBAL LIFE SOLUTIONS

ARCELIK - TO RECEIVE 205 MILLION USD CASH AT CLOSING AND 56 MILLION USD DEFERRED PAYMENTS IN THREE-YEAR PERIOD

ARCELIK - 12 SUBSIDIARIES TO BE TRANSFERRED, INCLUDING MANUFACTURING FACILITIES AND RESEARCH AND DEVELOPMENT CENTERS IN CHINA AND THAILAND

ARCELIK - AT CLOSING 60% OF ARCELIK HITACHI'S CASH EXCEEDING 56 MILLION USD WILL BE ADDED TO TOTAL CONSIDERATION AS CLOSING ADJUSTMENT

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 (Gdansk Newsroom)

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