Topic about: Middle East

An increasing number of Eastern European households are starting to be able to afford to replace old appliances and even invest in new, more exclusive kitchen products.

Electrolux has completed the Mandatory Tender Offer that was launched in conjunction with the acquisition of Egypt’s leading appliance manufacturer, Olympic Group, and now owns 98.33% of the company’s shares.

Electrolux today signed a purchase agreement with Paradise Capital to acquire its 52% controlling interest in the leading Egyptian major appliances manufacturer, Olympic Group Financial Investment Company S.A.E (Olympic Group). Electrolux intends to acquire...

As part of its strategy to grow in emerging markets, Electrolux today signed a preliminary agreement with Paradise Capital to acquire 52% of Olympic Group for Financial Investments S.A.E. Olympic Group is the largest...