The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Electrolux de Mexico S.A. de CV (‘MXP’) of Mexico and the creation of three joint ventures in Mexico and the US by Midea of China and Electrolux of Sweden.
The transaction relates primarily to the manufacture and supply of refrigeration and laundry appliances in North America.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area and the companies’ limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.12454.
