Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Merloni Reduces Stake in Faber Factor
Dec 1, 2004
 Printable format
 Email this Article
 Search

The Board of Directors of Italian appliance maker Merloni Elettrodomestici announced that it will sell 40 percent of its stake in Faber Factor to Fineldo. The sale reduces Merloni's interest in the factoring company to 10 percent, which the company said it no longer deems "of strategic importance."

The share transfer will be made by Dec. 31, 2004. Merloni said the price of 4.2 million euros (approx. U.S. $5.6 million) is less than the value of the shareholding in the consolidated financial statements and was determined on the basis of an appraisal by independent advisors Deloitte Financial Advisory Services using the discounted earnings method.

Back to Daily News

 

Daily News

...........................................................

Nov 25, 2014: Robotics Exhibits Grow 25% at 2015 CES

Nov 25, 2014: Index shows HVAC/R contractors more positive than last year

Nov 25, 2014: Consumer Confidence Index Declines

Nov 25, 2014: Existing home sales up in October

Nov 25, 2014: CEA: confidence in technology spending up in November

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows