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Mitsubishi Electric Enters into Agreement to Acquire Majority Interest in DeLclima

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TOKYO--(BUSINESS WIRE)--Today, Mitsubishi Electric Corporation (TOKYO:6503) (“Mitsubishi Electric”) has entered into an agreement to purchase from De’Longhi Industrial S.A. (“De’Longhi Industrial”) shares representing approximately 74.97% of the share capital of DeLclima S.p.A. (BIT: DLC) (“DeLclima”), an Italian company engaged in the commercial air conditioning products business. After the closing of this transaction, a mandatory tender offer will be launched by Mitsubishi Electric in order t

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