Tuesday, 8 July 2014

La Repubblica reports Whirlpool close to being picked as preferred bidder for Indesit stake

Here is a tale for Betaville readers that have been following the long, drawn out auction of Indesit, the Italian home appliances company that sponsors Arsenal Football Club.

Apparently, Fineldo - the Merloni family's investment vehicle - has now received three binding offers for its 45pc stake in Indesit.

However, some sources have told me that Italian newspaper La Repubblica (I can't actually find the article myself) is reporting today that Whirlpool may be picked by the Merloni family as the preferred bidder for Fineldo's stake in Indesit.

I suspect, though, there is still some way to go before this deal is wrapped up, so expect many more twists and turns.

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