Amica won’t takeover Fagor

WSE-listed white goods producer Amica offer to takeover the Fagor brand owned by the bankrupt Spanish appliance group Edesa Industrial has expired and Amica will not pursue this opportunity, company’s CEO Jacek Rutkowski said. “Currently, the subject has been suspended if not to say concluded. Our offer has expired, we don’t have one anymore,” he explained. Back in November, Amica submitted a €5 million offer for the Fagor brand, without the company’s production assets.