Electrolux Group retains business in Egypt with intention to grow - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Business](https://thailandbusinessnews.net/category/business/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # Electrolux Group retains business in Egypt with intention to grow ##### Up next ![EdHeroes Launches Global Initiative to Preserve Cultural Heritage Through Education](https://i0.wp.com/r2.thailandbusinessnews.net/2025/02/EdHeroes_Committees.jpg?resize=200%2C110&ssl=1 "EdHeroes Launches Global Initiative to Preserve Cultural Heritage Through Education") [](https://thailandbusinessnews.net/press-release/edheroes-launches-global-initiative-to-preserve-cultural-heritage-through-education/) ###### [EdHeroes Launches Global Initiative to Preserve Cultural Heritage Through Education](https://thailandbusinessnews.net/press-release/edheroes-launches-global-initiative-to-preserve-cultural-heritage-through-education/) Published on 25 February 2025 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) STOCKHOLM, Feb. 25, 2025 /PRNewswire/ — After an evaluation of various alternatives, Electrolux Group has decided to retain its business in Egypt since the value is considered to be higher if it remains within the Group. The business in Egypt includes sales and production of major appliances as well as water heaters and is profitable with well-established and strong brands. "We have a successful business in Egypt and after evaluating different options, we concluded that it will create a higher value by continuing to be part of the Group", says Yannick Fierling, President & CEO of Electrolux Group. "Our objectives going forward are to take advantage of the growing market in Egypt and increase our market share as well as to expand export from Egypt." The potential divestment of the Group’s business in Egypt was communicated as part of the[ announcement on July 20, 2023](https://c212.net/c/link/?t=0&l=en&o=4368839-1&h=2622756301&u=https%3A%2F%2Fwww.electroluxgroup.com%2Fen%2Felectrolux-group-initiates-preparations-to-divest-non-core-assets-with-total-potential-value-of-sek-10bn-39904%2F&a=%C2%A0announcement+on+July+20%2C+2023) to initiate preparations for divestment of certain assets. After today’s announcement, this divestment program is closed. This is information that AB Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 24-02-2025 19:00 CET. CONTACT: For more information:Ann-Sofi Jönsson, Investor Relations, +46 73 025 10 05Electrolux Group Press Hotline, +46 8 657 65 07 This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=4368839-1&h=3462635648&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com) [https://news.cision.com/electrolux-group/r/electrolux-group-retains-business-in-egypt-with-intention-to-grow,c4110378](https://c212.net/c/link/?t=0&l=en&o=4368839-1&h=733318553&u=https%3A%2F%2Fnews.cision.com%2Felectrolux-group%2Fr%2Felectrolux-group-retains-business-in-egypt-with-intention-to-grow%2Cc4110378&a=https%3A%2F%2Fnews.cision.com%2Felectrolux-group%2Fr%2Felectrolux-group-retains-business-in-egypt-with-intention-to-grow%2Cc4110378) The following files are available for download: [https://mb.cision.com/Main/1853/4110378/3282219.pdf](https://c212.net/c/link/?t=0&l=en&o=4368839-1&h=1850285744&u=https%3A%2F%2Fmb.cision.com%2FMain%2F1853%2F4110378%2F3282219.pdf&a=https%3A%2F%2Fmb.cision.com%2FMain%2F1853%2F4110378%2F3282219.pdf) 250224 PR Electrolux retains Egypt business [Source link ](https://www.prnasia.com/story/archive/4625833_AE25833_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/xpeng-announces-vehicle-delivery-results-for-february-2026/) ## XPENG Announces Vehicle Delivery Results for February 2026 GUANGZHOU, China, March 1, 2026 /PRNewswire/ — XPeng Inc. 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