Electrolux Group has completed Memphis factory divestment

The divestment follows a previous agreement, under which the intended buyer chose to terminate the agreement at the end of the due diligence period due to changed financial circumstances. The divestment follows aprevious agreement, under which the intended buyer chose to terminate the agreement at the end of the due diligence period due to changed financial circumstances. The divestment is part of the actions to divest non-core assets, which werecommunicated onJuly 20, 2023 ...

STOCKHOLM, 22/12/2023 (informazione.it - comunicati stampa - elettronica)

The divestment follows a previous agreement, under which the intended buyer chose to terminate the agreement at the end of the due diligence period due to changed financial circumstances.

The divestment is part of the actions to divest non-core assets, which were communicated on July 20, 2023 .

The Group's production in Memphis stopped on June 30, 2022 , and the operations have been transferred to the new facility in Springfield, Tennessee .

This disclosure contains information that Electrolux Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 22-12-2023 16:30 CET .

Sophie Arnius, Investor Relations, +46 70 590 80 72

Electrolux Group Press Hotline, +46 8 657 65 07

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