Electrolux To Buy Egyptian Appliance Maker
Kris Alingod – AHN News Contributor Stockholm, Sweden (AHN) – Electrolux has agreed to buy a majority stake in Olympic Group, the largest home appliance manufacturer in the Middle East and North Africa. The Swedish manufacturer said Monday it would acquire 52 percent of the company from Paradise Capital for about 45.30 Egyptian pounds ($7.95) [...]