China's Midea Said to Make Takeover Approach to Electrolux.

Read more: Whirlpool, Arcelik Combine Assets in Europe JV: Deal Snapshot Midea and Electrolux already have some partnerships, and in 2018 they launched the high-end AEG brand in China together. (Bloomberg) -- Midea Group Co. is exploring a potential acquisition of Electrolux AB, according to people familiar with the matter, a bold move by the Chinese home appliance giant to add the higher-end luxury Swedish brand despite potential political opposition. [Extracted from the article]