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Indesit Not Ready to Buy GE Alone
Jun 9, 2008
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Indesit Company SpA CEO Marco Milani said an acquisition of General Electric's appliance division is too big for Indesit to consider alone, and Indesit is not studying an acquisition with partners.

Milani said a possible alliance with a financial operator or another industrial group for an acquisition of the GE division is "all theoretical, there is nothing concrete."

Melani said Indesit has little room to increase its 15% European market share and is therefore looking to expand in other markets, including the U.S., Latin America, East Europe, and the Far East. (AP)

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