Electrolux To Acquire Stake In Compania Tecno Industrial

Sigdo Koppers SA and other parties agreed to sell their controlling interest in Compania Tecno Industrial SA to Electrolux AB (OTC:

) for 34.87 Chilean pesos per share. Electrolux will acquire all of the outstanding shares of CTI's subsidiary, Somela, for CLP 325 per share. ELUXY shares dropped 1.97% to close at $31.31 on Friday.