Parent sells factor


Merloni Elettrodomestici (electrical appliances), will sell out Faber Factor, a factoring company half-owned by Merloni Elettrodomestici and the remaining half by Fineldo, (the family's holding company).

Vittorio Merloni confirmed that the Marche-based company will not keep its 20% stake of the factoring company, the stake that does not involve funding in the group, on the sidelines of the 'Etica ed economia' Convention.

Source: Agenzia Giornalistica Italia



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