Electrolux faces US court over €3bn appliance plan

As Electrolux prepares to fight in court to buy General Electric’s assets, the Swedish home appliance maker may prefer to sell brands than factories if it tries to reach a settlement to salvage the $3.3bn(€3.07bn) deal before the judge’s verdict.

To satisfy US Department of Justice opposition to the agreement, a sale of manufacturing sites “would be a commercial nightmare,” said Handelsbanken analyst Karri Rinta.

Selling GE oven brands makes more sense although it might be “insufficient”.