Divestment of Memphis factory postponed
The divestment of the Electrolux manufacturing facility in Memphis, Tennessee, USA, will not be completed as expected since the buyer requested to move closing of the transaction to the first half-year 2023.As communicated on October 12, 2022 , Electrolux had agreed to divest the Memphis facility for a cash consideration of USD 82.5m (approx. SEK 930m), which was expected to be completed during the fourth quarter 2022. Completion of the transaction is still contingent on various factors. Electrolux production