Wednesday, March 24, 2010

Electrolux bids for Daewoo Electronics

Electrolux, the Swedish-based producer of home appliances, is one of two preferred bidders for Daewoo Electronics.
Woori Bank is acting for the creditors-cum-shareholders of the South Korean electronics group and said it plans to complete the sale by August.
The deal is reportedly worth as much as $440m (£295m). Read more.

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