Merloni Electrical Appliances Sells Out Factoring Company

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Fabriano (An), Sept. 2 – Merloni Elettrodomestici (electrical appliances), will sell out Faber Factor, a factoring company half-owned by Merloni Elettrodomestici and the remaining half by Fineldo, which is the family’s holding company.

The Marche region company will not keep its 20 pct stake of the factoring company, that is the stake that does not involve funding in the group. Vittorio Merloni confirmed on the sidelines of the Catholic Action National Convention on ‘Etica ed economia’.

From AGI Online

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