Toshiba Carrier acquires 20% of Midea Air Conditioning

Toshiba Carrier completed a deal to acquire a 20% stake in Guangdong Midea's Air Conditioning Division, China's second-largest AC company, gaining access to the Chinese residential market.

“Toshiba Carrier Corp. has completed a deal to acquire 20 percent of Guangdong Midea Electric Appliances Co. Ltd., Air Conditioning Division (Midea Air Conditioning).”

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