Brief: Elica Sells 4.78% Stake In Elica PB India To Whirlpool Of India For EUR 8.2 Mln

Elica SpA

19/09/2024 17:45

Sept 19 (Reuters) - Elica SpA  ELC.MI :
    * SELLS 4.78% STAKE IN ELICA PB INDIA TO WHIRLPOOL OF INDIA
FOR
EUR 8.2 MILLION
    * ELICA AND GROUP OF OTHER INDIAN MINORITY SHAREHOLDERS TO
KEEP
STAKE OF AROUND 1.59 % EACH
    * DISTRIBUTION OF BRAND IN INDIA, NEPAL, BANGLADESH MANAGED
BY
WHIRLPOOL OF INDIA UNTIL 2038, WITH ROYALTY MECHANISM BOOSTING
ELICA EPS

Further company coverage:  ELC.MI 

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