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

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

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows