Electrolux Board proposes distribution of Electrolux Professional AB
AB Electrolux (“Electrolux”) in January 2019 announced that the company was preparing for the separation and distribution of its Professional Products business area. Consequently, the Board of Directors has today decided to propose that an Extraordinary General Meeting is held on February 21, 2020, to resolve on the distribution of all shares in the wholly-owned subsidiary Electrolux Professional AB (“Electrolux Professional”) to the shareholders of Electrolux.The intention is to list Electrolux Professional on Nasdaq Stockholm in the first quarter of 2020. The distribution of the shares in