Frigidaire parent Electrolux eyed for takeover by China’s Midea as it lays off thousands

China’s Midea Is Said to Make Takeover Approach to Electrolux

Midea Group Co. is exploring a potential acquisition of Electrolux AB, according to people familiar with the matter, a bold move by the Chinese home appliance giant to add the higher-end luxury Swedish brand despite potential political opposition.

Frigidaire parent Electrolux eyed for takeover by China’s Midea as it lays off thousands

Amid political frostiness, dishwashers and refrigerators wouldn’t necessarily be deemed a national security risk.

China’s Midea is said to make takeover approach to Electrolux

Midea made a preliminary approach in recent weeks to the white-goods manufacturer about a potential deal, said the people, who asked not to be identified because discussions are private. Electrolux has so far not been receptive to the proposal, some of the people said.