Haier Smart Home Co., Ltd. (690D.F)
- PR Newswire
Haier Smart Home Acquires Carrier's Commercial Refrigeration Business for USD 640 million
Haier Smart Home entered into a stock purchase agreement with Carrier Global Corporation (NYSE: CARR) to acquire Carrier's Commercial Refrigeration Business ("Carrier Commercial Refrigeration") through acquiring 100% of the equity interest in Carolin Holdings B.V. Carrier, for total consideration of approximately USD 640 million (the "Transaction"), which represents 11x 2022A P/E. The Transaction marks Haier Smart Home's expansion from its existing household refrigeration business into the comme
- PR Newswire
Carrier Announces Agreement to Sell Carrier Commercial Refrigeration to Haier
Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, entered into a definitive agreement today to sell its global commercial refrigeration business to its decades-long joint venture partner Haier (stock ticker: 600690) for an enterprise value of $775 million, including approximately $200 million of net pension liabilities. This represents about 16.5x 2023 expected EBITDA. Today's announcement follows last week's agreement to sell Carrier's Global Ac
