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HomeBusinessElectrolux plans about $1 billion share issue, tie-up with Midea in North...

Electrolux plans about $1 billion share issue, tie-up with Midea in North America to shake up ops

April 23: Swedish appliance maker Electrolux said on Thursday it would launch a 9 billion Swedish crown ($976. 34 million) rights issue and unveiled a tie-up with rival Chinese Midea Group in North America to form three joint ventures as it restructures its operations. One of the joint ventures will sell food

Read full story on Channel Newsasia

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