Topic about: Middle East

The acquisition of the Egyptian Olympic Group in 2011 has given Electrolux a leading position in the appliance markets of North Africa and the Middle East.

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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.

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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...

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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...

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