Today marks the successful completion of the definitive Contribution Agreement between Arçelik's wholly owned subsidiary Beko B.V. and Whirlpool Corporation's wholly owned subsidiary Whirlpool EMEA Holdings LLC, and the creation of Beko Europe.
Arçelik A.Ş. (ARCLK: IST, "Arçelik"), the global leading consumer durables and electronics manufacturer, scored 86/100 (Score date: 22/09/23) in the 2023 S&P Global Corporate Sustainability Assessment (CSA), which evaluates the world's largest companies and assesses their sustainability performance and environmental, social, and governance (ESG) efforts.
EU antitrust regulators have cleared Turkish domestic appliances maker Arcelik's proposed purchase of Whirlpool's European domestic appliances business, an European Commission filing showed on Tuesday. "The Commission concluded that the transaction would not raise competition concerns given in particular the presence of alternative suppliers in the European Economic Area countries where both parties are active," the European Commission said in a statement. Under the deal announced in January, the companies will set up a new entity made up of Arcelik's European units producing major and small domestic appliances as well as consumer electronics with Whirlpool's European business.