WASHINGTON (dpa-AFX) - The U.K.'s Competition and Markets Authority or CMA
has provisionally found that the deal between Arcelik and Whirlpool is not
likely to raise significant competition concerns.

The provisional decision to clear the deal has been made by an independent CMA
panel, as part of an in-depth Phase 2 investigation. The panel considered a wide
range of evidence, including extensive engagement with Arcelik and Whirlpool,
their customers, competitors, and others. The panel has provisionally found that
consumers will continue to have a wide range of choices following the deal, the
CMA said in a statement.

Interested parties are invited to provide feedback on the CMA's provisional
findings by February 29, 2024. These will be considered ahead of issuing its
final report, which is due by 26 March 2024, the CMA said.

In January 2023, Whirlpool announced an agreement to contribute its European
major domestic appliance (MDA) business into a newly formed entity with Arcelik.

As per the terms of the agreement, Whirlpool would contribute its European major
domestic appliance business, and Arcelik will contribute its major domestic
appliance, consumer electronics, air conditioning, and small domestic appliance
businesses into the newly formed entity of which Whirlpool would own 25% and
Arcelik 75%.



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