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Electrolux Announces Plans To Spin Off Electrolux Professional To Shareholders

Written by The Ashton Report

AB Electrolux, the publicly held, Sweden-based household, foodservice and laundry appliance manufacturer, announced Jan. 31 that it will propose splitting the company into two public entities, “Electrolux” for household appliances and “Electrolux Professional” for professional equipment, and distribute Professional shares to existing shareholders. Electrolux: Professional Group Split Plan In the release announcing the plan, the…

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