Whirlpool to sell 24% stake in India business to reduce debt

Whirlpool Corporation is the world leader of the manufacturing and the marketing of large domestic equipments. The group's products are marketed mainly under the Whirlpool, Maytag, JennAir, KitchenAid, InSinkErator, Yummly, Amana, Bauknecht, Indesit, Hotpoint, Ignis Consul, Brastemp and Acros brands. Net sales break down by family of products as follows: - refrigerators, freezers and air conditioners (31.7%); - home laundry appliances (26%): washing machine and dryer; - cooking appliances (25.6%): oven, microwave ovens, hoods, cooktops; - dishwasher (9.2%); - other (2.8%): mixers, toasters, culinary robots, etc. The remaining net sales (4.7%) are from spare parts sales and after-sales services. At the end of 2022, the group has 35 production sites worldwide. Net sales break down geographically as follows: North America (58.2%), Europe/Middle East/Africa (20.4%), Latin America (15.9%) and Asia (5.5%).