Marconi sells stake in Hotpoint's owner for £144m

Marconi is selling its 50% stake in Hotpoint's owner General Domestic Appliances in a £144m deal.

Marconi sells stake in Hotpoint's owner for £144m
Fri, 21 Dec, 2001 - 12:54

Marconi is selling its 50% stake in Hotpoint's owner General Domestic Appliances in a £144m deal.

Italian household appliance firm Merloni Elettrodomestici is buying the stake for £121m, plus a dividend of £23m.

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CourtsHeathrowPlace: UKPlace: USPlace: Stoke-on-TrentPlace: BristolPlace: BodelwyddanPlace: north WalesPlace: PeterboroughPlace: IrelandOrganisation: MarconiOrganisation: HotpointOrganisation: General Domestic AppliancesOrganisation: Merloni ElettrodomesticiOrganisation: GDAOrganisation: CredaOrganisation: CannonOrganisation: GECOrganisation: General ElectricOrganisation: MerloniOrganisation: AristonOrganisation: IndesitOrganisation: Scholtes
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