UK competition watchdog clears Arcelik's European deal with Whirlpool
Reuters
Published Feb 08, 2024 06:26
Updated Feb 08, 2024 17:21
(Reuters) - Britain's antitrust regulator provisionally cleared Turkish domestic appliances maker Arcelik's proposed purchase of Whirlpool's appliances business in Europe on Thursday.
The Competition and Markets Authority (CMA) said the deal was unlikely to reduce competition in the market for domesticappliances including washing machines, dishwashers and cooking appliances.
The deal, which would see Whirlpool and Arcelik's European businesses fold into a new company, was approved by EU antitrust regulators in October.
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Written By: Reuters
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