2013-01-10 23:30:00.0 CEST

Fabriano, 10 January 2013 - Indesit Company and General Electric Appliances entered an agreement today under which the Fabriano Group will expand its ownership of the Hotpoint brand outside of Europe. GE Appliances retains ownership of the brand in North and South America.

Indesit Company has owned the Hotpoint brand in Europe since its acquisition of UK-based GDA in 2002.
Expanded ownership of the Hotpoint brand strengthens Indesit Company's brand portfolio and will enable it to upgrade planning of its business outside Europe, as it can count on two brands (Indesit and Hotpoint) already consolidated worldwide.
The cost of the operation is 4 million US dollars, to be paid over a number of years. In the deal, Indesit Company was assisted by the New York-based law firm Reinhardt LLP.
Currently the no. 3 brand in Europe by market share, Hotpoint accounts for 50% of current Group sales.
Indesit Company is one of Europe's leading manufacturers and distributors of large home appliances (washing machines, washer-dryers, dishwashers, fridges, freezers, cookers, hoods, ovens and hobs). It is the undisputed leader in major markets such as Italy, the UK and Russia. Founded in 1975 and listed on the Milan stock exchange since 1987, the Group posted sales of €2.8 billion in 2011. Indesit Company has eight production centres (in Italy, Poland, the UK, Russia and Turkey) and 16,000 employees. The Group's main brands are Indesit, Hotpoint and Scholtès.
Press Office:
Federico Ziller, tel. 0732 662432, cell. 335 7555508, e-mail: federico.ziller@indesit.com
Investor Relations:
Elisabetta Vilizzi, tel. 02 30083111, e-mail: elisabetta.vilizzi@indesit.co

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