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Comment: As Haier, Apollo vie to buy Purmo, EU foreign subsidies law could be key battleground

By Tono Gil ( July 15, 2024, 13:14 GMT | Comment) -- Finnish heating company Purmo has two takeover offers on the table — one from Chinese home-appliances supplier Haier, the other from US private equity firm Apollo. In choosing between them, the EU’s Foreign Subsidies Regulation could be the factor that tilts the scales. Haier is also seeking FSR approval for its acquisition of a Carrier business, MLex understands. This case could be seen as a taster of what’s to come, with a possible EU review of the Purmo deal.Finnish heating company Purmo has two takeover offers on the table — one from Chinese home-appliances supplier Haier, the other from US private equity firm Apollo....

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