Turkish household appliances and consumer electronics manufacturer Arçelik has agreed to buy Whirlpool's remaining 25% stake in Beko Europe for 71.5 million euros ($82 million...
Turkish home appliance manufacturer Arçelik will become a 100% owner of Beko Europe after reaching an agreement to buy the remaining 25 percent stake from American Whirlpool. The transaction is worth 71.5 million euros, Reuters reported. With this move, Arçelik will gain full control over the company that was created last year by merging the European activities of Arçelik and Whirlpool. Recall, Beko Europe was established in 2024 as a joint vent…