Electrolux Group has completed Memphis factory divestment
Electrolux Group has divested its factory in Memphis, Tennessee, USA, for a cash consideration of USD 35m (approx. SEK 350m).The gain of approximately USD 25m (approx. SEK 250m) from the divestment will be recorded as a non-recurring item, positively impacting the operating income in business area North America during the fourth quarter of 2023. The divestment follows a previous agreement , under which the intended buyer chose to terminate the agreement at the end of the due diligence period due to