UK competition watchdog clears Arcelik's European deal with Whirlpool

Arcelik

08/02/2024 06:24

Feb 8 (Reuters) - Britain's antitrust regulator
provisionally cleared Turkish domestic appliances maker
Arcelik's  ARCLK.IS  proposed purchase of Whirlpool's  WHR.N 
appliances business in Europe on Thursday. 
    The Competition and Markets Authority (CMA) said the deal
was unlikely to reduce competition in the market for domestic
appliances including washing machines, dishwashers and cooking
appliances. 
    The deal, which would see Whirlpool and Arcelik's European
businesses fold into a new company, was approved by EU antitrust
regulators in October. 
    
    

 (Reporting by Prerna Bedi in Bengaluru; Editing by Rashmi Aich)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))