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China’s Haier gets EU foreign-subsidy approval to buy Carrier’s refrigeration business (update*)

By Tono Gil ( October 3, 2024, 11:14 GMT | Insight) -- Home-appliances supplier Haier is the first known Chinese company to receive approval under the EU's Foreign Subsidies Regulation for an acquisition, in a signal that the European Commission hasn't completely closed its doors to investment from China. Haier has completed the acquisition of the commercial refrigeration business from US-based company Carrier, for around $640 million.Chinese home-appliances supplier Haier has received unconditional clearance to buy Carrier’s commercial refrigeration business under the EU’s Foreign Subsidies Regulation....

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