Electrolux€s sale of Gotthard Nilsson finalized

Electrolux's sale of Gotthard Nilsson finalized The sale of the Gotthard Nilsson Group to Stena Metall AB was approved by the competition authorities and has now been finalized. The sale was presented preliminarily in a press release on November 12 earlier this year. Gotthard Nilsson operates in Scandinavia in both recycling and secondary aluminum manufacturing. Gotthard Nilsson, which is headquartered in Älmhult, Sweden, has over 500 employees in Sweden, Denmark and Finland. In 1997 sales amounted to approximately SEK 1.9 billion. Stena Metall is a recycling company based in Gothenburg, Sweden. The divestiture of Gotthard Nilsson is part of Electrolux's strategy to concentrate its core business. The divestiture is expected to generate a capital gain of approximately SEK 150 million. Further information For further information, please contact Hans G. Bäckman, at +46 - 70 932 06 42. For Stena Metall, please contact Jan Carlstein at +46 -70 575 20 05 or +46 -31 775 20 00. The Electrolux Press Hotline is available at +46 - 8 657 65 07. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1998/12/30/19981230BIT00050/bit0001.doc http://www.bit.se/bitonline/1998/12/30/19981230BIT00050/bit0002.pdf

About Us

Electrolux shapes living for the better by reinventing taste, care and wellbeing experiences, making life more enjoyable and sustainable for millions of people. As a leading global appliance company, we place the consumer at the heart of everything we do. Through our brands, including Electrolux, AEG, Anova, Frigidaire, Westinghouse and Zanussi, we sell more than 60 million household and professional products in more than 150 markets every year. For more information go to www.electroluxgroup.com.

Subscribe