On the heels of striking new ownership structures and partnerships for its operating companies in Europe and Asia, Whirlpool Corporation is tweaking its investment in the vast India market.
In a Securities and Exchange Commission filing, Whirlpool said it would sell up to 24 % of Whirlpool of India Limited. The company said the changes may take place in ‘one or more transactions’ during 2024.
It appears the plan is for Whirlpool, which currently holds a 75 % interest in Whirlpool of India, to maintain at least a 51 % stake in the India operations going forward. The action seems consistent with a recent refocusing of Whirlpool’s attention on the North American and Western Hemisphere operations that have historically accounted for much of the company’s success, while still keeping its hand in developing markets centered in Asia and India.
The India moves are not expected to have any material impact on recently posted investor ‘guidance’ or performance estimates from corporate leadership.
