Electrolux Group to divest Memphis factory
Electrolux Group has agreed to divest its manufacturing facility in Memphis, Tennessee, USA to a US-based investment company for a cash consideration of USD 61m (approx. SEK 675m).The agreed divestment follows a previous agreement with another buyer which was not completed . The agreement includes a due diligence period before closing of the transaction, during which the buyer can terminate the contract. The agreed purchase price is USD 61m (approx. SEK