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Arcelik Seals $300 Million Deal for Hitachi Electronics Business

Arcelik Seals $300 Million Deal for Hitachi Electronics Business
Asli Kandemir, Bloomberg News
(Bloomberg) Turkeyâs leading household appliances maker Arcelik AS signed a deal to buy 60% of Hitachi Global Life Solutions Inc.âs for $300 million to deliver on its strategy to expand in emerging markets.
Arcelik and Hitachi GLS will form a new company that Arcelik will control to run operations in the home appliances market, excluding Japan, the Turkish company said in a filing to the stock exchange on Wednesday. The total transaction value is calculated on a cash-free and debt-free basis for the business, with the deal expected to be closed by April 1. ....

Asia Pacific , Hakan Bulgurlu , Africa Defy Appliances Pty Ltd , Pakistan Dawlance Group , Hitachi Global Life Solutions Inc , Hitachi Global Life Solutions , South Africa , Defy Appliances Pty , ஆசியா பெஸிஃபிக் , ஹிட்டாச்சி உலகளாவிய வாழ்க்கை தீர்வுகள் இன்க் , ஹிட்டாச்சி உலகளாவிய வாழ்க்கை தீர்வுகள் , மீறுகின்றனர் உபகரணங்கள் ப்டி ,

Turkey's Arcelik Is in Talks to Buy Hitachi Home Appliance Arm

Turkey’s Arcelik Is in Talks to Buy Hitachi Home Appliance Arm
Bloomberg
12/14/2020
Asli Kandemir, Manuel Baigorri and Vinicy Chan
© Bloomberg
An employee pushes a new Beko washing machine, manufactured by Arcelik AS, inside a Comet electronics store in Slough, U.K., on Friday, Nov. 23, 2012.
(Bloomberg) Turkey’s Arcelik AS is in advanced talks to take over Japanese industrial conglomerate Hitachi Ltd.’s overseas home appliance business, people with knowledge of the matter said.
An agreement may be reached as soon as the next few weeks, the people said, asking not to be identified because the information is private. The transaction could be valued at around $500 million, according to the people. ....

Africa Defy Appliances Pty Ltd , Hitachi Ltd , Pakistan Dawlance Group , Bloomberg News , South Africa , Defy Appliances Pty , Asia Pacific , ஹிட்டாச்சி லிமிடெட் , ப்ளூம்பெர்க் செய்தி , மீறுகின்றனர் உபகரணங்கள் ப்டி , ஆசியா பெஸிஃபிக் ,

Turkey's Arcelik is in talks to buy Hitachi home appliance arm

Turkey's Arcelik is in talks to buy Hitachi home appliance arm
gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.

Pakistan Dawlance Group , Hitachi Ltd , Image Credit , Bloomberg News , South Africa , Defy Appliances Pty , Asia Pacific , ஹிட்டாச்சி லிமிடெட் , படம் கடன் , ப்ளூம்பெர்க் செய்தி , மீறுகின்றனர் உபகரணங்கள் ப்டி , ஆசியா பெஸிஃபிக் ,