Investor AB supports Electrolux proposal to split the Group
As announced yesterday, Electrolux Board of Directors has initiated work in order to propose that a shareholders meeting decides to separate its professional appliances business, Electrolux Professional, into a new company and to distribute it to the shareholders of AB Electrolux in 2020. As the largest owner of Electrolux, Investor supports this proposal. “We believe that the intended split will further sharpen focus and add customer value both in Electrolux core consumer business and in the professional appliances business. A separation will create two strong platforms with good