Amica bids for troubled Fagor brand

WSE-listed white goods producer Amica made a €5 million offer for Fagor brand owned by the bankrupt Spanish appliance group Edesa Industrial. Amica does not rule out other takeovers of troubled whitegoods brands. Amica plans to finance the transaction from its own means as well as debt. Fagor sells products under its brand in Ukraine, Slovakia, Czechia, and Germany. Additionally, Amica will be allowed to sell white goods under Edesa brand in Spain in Portugal. The company added that it’s not interested in Edesa production assets. The offer is valid till end-February, 2018 with a possibility of extension.