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.

Whirlpool prepares takeover of Arsenal sponsor Indesit

American giant Whirlpool is closing in on a Euro 2.3 billion acquisition of Indesit, an Italian home appliances company that sponsors Arsenal Football Club.