April 16, 2020 - Assignment

The shares in Electrolux Professional are distributed to the shareholders of Electrolux and listed on Nasdaq Stockholm

Electrolux Professional AB (publ) ("Electrolux Professional"), the former Professional Products business area of AB Electrolux ("Electrolux"), is now a separately listed company with its shares of series A and series B trading on Nasdaq Stockholm.

On March 23, 2020, the shares of series A and series B in Electrolux Professional were admitted to trading on Nasdaq Stockholm, following a distribution of the shares to the shareholders of Electrolux. Following the resolution on distribution and the listing of Electrolux Professional, the Electrolux Group is divided into two independent, listed companies, Electrolux Professional which consist of the former Professional Products business area and Electrolux, a leading global appliance company. As separate companies, Electrolux and Electrolux Professional are expected to be better positioned to meet the different demand drivers and challenges in their respective end markets.

Electrolux Professional is one of the leading global providers of food service, beverage and laundry for professional users. Electrolux Professional's innovative products and worldwide service network make their customers' work-life easier, more profitable – and truly sustainable every day. Electrolux Professional's solutions and products are manufactured in 12 plants in seven countries and sold in over 110 countries. In 2019, Electrolux Professional had global sales of SEK 9,3bn and approximately 3,600 employees.

Electrolux and Electrolux Professional have been advised by Mannheimer Swartling throughout the separation, distribution and listing of Electrolux Professional.