Electrolux has said that it has made a bid to buy Daewoo Electronics of South Korea.
Electrolux spokesman Anders Edholm said Wednesday that “we can confirm we’ve made an indicative offer” but declined to comment on the amount of the bid.
Daewoo Electronics, South Korea’s third-largest electronics goods maker by sales, has been under a creditor-led debt-rescheduling program since 2000 after amassing huge debts. Stockholm-based Electrolux is a leading manufacturer of household appliances including refrigerators, stoves and washing machines.
Electrolux spokesman Anders Edholm said Tuesday that “we can confirm we’ve made an indicative offer” but declined to comment on the amount of the bid.
Daewoo Electronics is South Korea’s third-largest electronics goods maker by sales, has been under a creditor-led debt-rescheduling program since 2000 after amassing huge debts.
Details on this deal are, presently pretty sparse and we hope to have more news on the deal soon.