(CercleFinance.com) – Electrolux announces that it has agreed to sell its manufacturing plant in Memphis (Tennessee, United States), including certain equipment, for a cash consideration of 82.5 million dollars (approximately 930 million SEK) .
The realized gain, estimated at approximately $65.8 million (approximately SEK 740 million) will be recorded as a non-recurring item, positively impacting the operating result of the North America business segment, as part of the closing of the transaction.
Closing and positive cash flow impact is expected to occur during the fourth quarter of 2022.
Elextrolux specifies that its production in Memphis was stopped on June 30, 2022 and that operations were transferred to the new factory in Springfield, Tennessee.
The identity of the buyer has not been specified.
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