American firm Whirlpool cleared to buy 60 % of Italy’s Indesit

Whirlpool, the world's leader in household appliances, will be allowed to strengthen its position in Europe, a market where it is struggling. The European Commission gave the green light, on 13 October, to Whirlpool's plans to buy 60% of the capital of the Italian company Indesit for €758 million. It found that the transaction would not undermine competition in Europe. The two companies produce and distribute all types of major domestic appliances and are present in a number of member…