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Daily News

Indesit May Form Alliance With Bosch Siemens
Jan 27, 2009
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Indesit Co. may form an alliance with BSH Bosch und Siemens Hausgeraete GmbH or Turkey’s Arcelik AS, according to a Bloomberg report.

A merger between Indesit and BSH would give the group about 30% of the European home-appliance market and may be blocked by regulators, according to the report. Arcelik, which is controlled by Turkey’s biggest industrial group, Koc Holding AS, may be a more likely partner for Indesit, the report said.

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