Electrolux Group seeks alternative buyer to Memphis factory following terminated contract

In the now terminated contract, communicated on October 12 and December 19, 2022, Electrolux Group had agreed to divest the Memphis facility for a cash consideration of USD 82.5m (approx. SEK 930m). Production in Memphis stopped on June 30, 2022, and the operations have been transferred to the new facility in Springfield, Tennessee. In the now terminated contract, communicated on October 12 and December 19 , 2022, Electrolux Group had agreed to divest theMemphisfacility for a cash...

STOCKHOLM, 11/04/2023 (informazione.it - comunicati stampa - elettronica)

In the now terminated contract, communicated on October 12 and December 19 , 2022, Electrolux Group had agreed to divest the Memphis facility for a cash consideration of USD 82.5m (approx. SEK 930m ). Production in Memphis stopped on June 30, 2022 , and the operations have been transferred to the new facility in Springfield, Tennessee .

This is information that AB Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 11-04-2023 08:15 CET .

Sophie Arnius, Investor Relations, +46 70 590 80 72
Electrolux Group Press Hotline, +46 8 657 65 07

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