Haier Acquires 93% Stake in Fisher & Paykel
Hexun, 11/06/12
Chinese consumer electronics manufacturer Haier announced today that the company has completed its acquisition of New Zealand-based home appliances vendor Fisher & Paykel. Haier now owns a 92.8% stake in Fisher & Paykel and will soon acquire the remaining 7.2% in the company. The total value of the transaction was NZD 927 mln.
Editor's Note: For more background on this topic, please see "Haier Increases Acquisition Price for Fisher & Paykel" MD 10/19/12 issue.
Keywords: consumer electronics hardware Fisher & Paykel home appliances Haier New Zealand M&A
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