Andrea Merloni, son of Vittorio Merloni, died in his home in Milan. He was going to have cardiac arrest. His body would be found by the maid. He died at 53. One of Vittorio’s 4 sons, the undisputed leader of Indesit, the household appliance giant sold in 2014 to the Americans of Whirlpool. Twin of Aristide, who has the same name as the group’s founding grandfather, brother of Antonella and Maria Paola. he was chairman of the Fineldo holding, a family safe, which controlled 41% of Indesit before selling the stake to the American group.
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They tell how he was the only one to oppose the sale of Indesit, as his father would have liked, who in the last years before dying had to appoint a guardian for a bad degenerative pathology. Andrea had to accept the sale because the family expressed it thus putting him in a minority, for a total value of 758 million euros. The Americans bought 60% of the company, corresponding to 66% of voting rights. And then they launched a takeover bid on the float. From that sale, the other branches of the family also monetized. In the safe Fineldo included the patriarch Vittorio Merloni and his four sons; he also sold the Merloni family directly (the 13% stake in Ester Merloni, Vittorio’s sister, who also held a package of shares outside Fineldo); it also sold the family of Francesco Merloni, Vittorio’s brother and owner of Ariston Thermo (which is a 4.4% shareholder).
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