Electrolux Egyptian business will soon be a reality


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Wednesday, 29 June 2011
White goods giant Electrolux purchase of Egyptian Olympic Group is on its way to realisation, according to the chairman of Olympics Parent Paradise Capital.


The chairman, Saad el-Din Abdullah Sallam, expects a final agreement "within weeks," he told Reuters.
Electrolux announced in a letter of intent to purchase the company in October of last year, but the deal was later on hold due to political turmoil in Egypt.
By Team

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