The Italian Court of Ancona has authorized the sale of some Indesit Company S.p.A. shares to Whirlpool Corp.
In July 10, 2014, Whirlpool Corp., Fineldo S.p.A., and members of the Merloni family entered into binding agreements for Whirlpool's acquisition of Indesit shares, subject to court and antitrust approval.
The acquisition, along with the July 17 acquisition of Ms. Claudia Merloni's shares, will provide Whirlpool with a 66.8% voting stake in Indesit. Closing is expected to take place by the end of 2014.
to Daily News