Brief: Whirlpool Corp To Sell Up To 24% Of Its Ownership Interest In Whirlpool Of India Limited In 2024

Whirlpool of India

30/11/2023 11:16

Nov 30 (Reuters) - Whirlpool Corp  WHR.N :
    * WHIRLPOOL CORP: TO SELL UP TO 24% OF ITS OWNERSHIP
INTEREST IN
WHIRLPOOL OF INDIA LIMITED IN 2024
    * WHIRLPOOL CORP - CURRENTLY MAINTAINS A 75% OWNERSHIP
INTEREST IN
WHIRLPOOL INDIA THROUGH A WHOLLY-OWNED SUBSIDIARY
    * WHIRLPOOL CORP - INTENDS TO RETAIN A MAJORITY INTEREST IN
WHIRLPOOL INDIA FOLLOWING COMPLETION OF SUCH TRANSACTION OR
TRANSACTIONS
    * WHIRLPOOL CORP - DOES NOT ANTICIPATE ANNOUNCEMENT TO
IMPACT
PREVIOUSLY ISSUED FULL-YEAR GUIDANCE
    * WHIRLPOOL CORP: EXPECTS TO USE TRANSACTION PROCEEDS TO
REDUCE
DEBT LEVELS
    * WHIRLPOOL: "CONTINUES TO SEE INDIA AS A SIGNIFICANT
MARKETPLACE
FOR GROWTH AND AN INTEGRAL PART OF COMPANY'S GROWTH STRATEGY"
    * WHIRLPOOL CORP - PROCEEDS TO BE USED FOR DEBT REPAYMENT
INCREMENTAL TO $500 MILLION TERM LOAN REPAYMENT THAT CO
DISCLOSED IT EXPECTS TO PAY IN Q4 2023
    * WHIRLPOOL CORP - REMAINS COMMITTED TO EXPAND BUSINESS WITH
NEW
PRODUCT LAUNCHES AND RECENTLY ACQUIRED ELICA INDIA BUSINESS


Further company coverage:  WHR.N 

 ((Reuters.Briefs@thomsonreuters.com;))