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EU Clears Electrolux, Midea JVs in Mexico, US

MT Newswires·08/06/2026 06:16:32
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06:16 AM EDT, 08/06/2026 (MT Newswires) -- The European Commission on Thursday approved the planned joint control of Electrolux de Mexico and the creation of three joint ventures in Mexico and the US by Electrolux (ELUX-A.ST, ELUX-B.ST) and China's Midea. The regulator concluded the deal, which mainly covers the manufacturing and supply of refrigeration and laundry appliances in North America, would not create competition concerns due to the limited impact on the European Economic Area.