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BRIEF-Electrolux says to divest Eureka brand to Midea Group
December 2, 2016 / 2:07 PM / 10 months ago

BRIEF-Electrolux says to divest Eureka brand to Midea Group

Dec 2 (Reuters) - Electrolux

* Electrolux to divest Eureka brand, focus on strongest U.S. small appliances categories

* Electrolux has agreed to divest its North American vacuum cleaner brand Eureka to Midea Group Co.

* Says sales of products under eureka brand amounted to approximately USD 60 million over past 12 months

* Says transaction is not expected to result in any material net one-off effects on group income statement

* Says transaction is expected to close before year end Source text for Eikon: Further company coverage:

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