Electrolux agrees to sell idle factory in Memphis in the US

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEI9C08G_L.jpg

The Swedish group said late on Wednesday it aimed to finalise the deal with an undisclosed buyer, and book a gain of around 740 million crowns ($65.3 million) from it, in the fourth quarter.

The rival to U.S. group Whirlpool (NYSE:WHR) halted production in Memphis in June, transferring production to a new factory in Springfield.

($1 = 11.3368 Swedish crowns)