UK competition watchdog clears Arcelik's European deal with Whirlpool
FILE PHOTO: The administrative entrance at the Whirlpool plant in Clyde, Ohio, U.S. October 3, 2017. Picture taken October 3, 2017. REUTERS/Aaron Josefczyk/File Photo/File Photo Purchase Licensing Rights
Feb 8 (Reuters) - Britain's antitrust regulator provisionally cleared Turkish domestic appliances maker Arcelik's (ARCLK.IS) proposed purchase of Whirlpool's (WHR.N) appliances business in Europe on Thursday.
The Competition and Markets Authority (CMA) said the deal was unlikely to reduce competition in the market for domestic appliances 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.
Sign up here.
Reporting by Prerna Bedi in Bengaluru; Editing by Rashmi Aich
Our Standards: The Thomson Reuters Trust Principles.
