Tableware maker WMF draws strategic, investor interest -sources

March 18, 2016 12:05 PM

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FRANKFURT, March 18 Buyout firm KKR has started the sale of coffee machine maker WMF in a potential 1.5 billion euro ($1.70 billion) deal, attracting interest from several household appliances makers and private equity groups.

France's Groupe SEB, which owns the Moulinex brand, will bid as will Italy's De Longhi, the people said. China's Haier and U.S.-based Middleby are also expected make an offer, while China's Midea and Japan's Panasonic have decided against bidding.

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