Slaughter and May advised AB Electrolux (publ), the multinational appliance manufacturer based in Stockholm, on a committed bridge facility arranged by Deutsche Bank AG and Skandinaviska Enskilda Banken AB (publ) to finance Electrolux's acquisition of the appliances business of General Electric Company for $3.3 billion. The bridge facility is planned to be gradually replaced by capital market and bank financing (approximately 75%) and a rights issue (approximately 25%). We worked alongside Electrolux's in-house legal team.

CONTACTS

Stephen Powell (partner), Paul Moyses (associate)