Forbes Gokak Plans To Buy Out Electrolux In Eureka Forbes

Forbes Gokak is planning to buy out Swedish white goods giant Electrolux AB from Eureka Forbes, their appliances joint venture. While Electrolux holds 40 per cent of the equity in the venture, Forbes Gokak holds the remaining 60 per cent.

The board of Forbes Gokak has approved in principle a proposal to open a dialogue with Electrolux to acquire the latter