Whirlpool Corp (WHR) has released an update.
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Whirlpool Corporation has announced the sale of a portion of its stake in Whirlpool India, reducing its ownership from 75% to 51% through an on-market trade. This strategic move, resulting in $468 million in gross sales proceeds, aims to decrease the company’s debt while maintaining a majority interest in the growing Indian market. The company remains focused on expanding its India presence, including integrating the recently acquired Elica India business, underscoring its commitment to India as a key market in its growth strategy.
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