Cleary Gottlieb Steen & Hamilton’s London office has advised Whirlpool, the world’s largest manufacturer of home appliances, on its $1.04bn purchase of a majority stake in Italy’s Indesit as the company looks to expand outside the US.
Cleary’s London-based corporate partner Raj Panasar and associate Elizabeth Pennell lined up alongside an Italian corporate team headed out of Milan by partners Roberto Casati and Roberto Bonsignore, that included senior attorney Gerolamo da Passano. The deal also crossed into New York, where corporate partners Christopher Austin, Jeffrey Karpf, and Pamela Marcogliese advised, and in Rome, where partner Mario Siragusa is handling deal clearance with Italy’s competition authority.
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