Shanghai, China
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China $34.3 Billion Home Appliance Giant Haier Smart Home to Sell 49% Stake in Haier India to India Billionaire Sunil Mittal Bharti Enterprises & $85 Billion Private Equity Firm Warburg Pincus, Haier to Retain 49% Stake & Haier India Management Team to Own 2%

25th December | Hong Kong 

China home appliance giant Haier Smart Home ($34.3 billion market value) has announced to sell 49% stake in Haier India to India billionaire Sunil Mittal Bharti Enterprises & private equity firm Warburg Pincus ($85 billion AUM).  Haier will retain 49% stake post-transaction & Haier India management team to own 2%.  Haier Group – Established in 1984, Haier Group is a world-leading provider of solutions to better life. Focusing on user experience, Haier has been included on the list of BrandZ™ Top 100 Most Valuable Global Brands for two consecutive years as the world’s first and only IoT ecosystem brand. Haier has topped Global Major Appliances Brand Rankings by Euromonitor International for 12 consecutive years. Its subsidiary Haier Smart Home is among the list of Global 500 of Fortune. To date, Haier Group owns three listed companies, has seven global brands such as Haier, Casarte, Leader, GE Appliances, Fisher & Paykel, AQUA and Candy. It has successfully incubated 5 unicorn companies and 41 gazelle companies. Moreover, Haier has established 10+N innovation ecosystems, 28 industrial parks, 122 manufacturing centers and nearly 240,000 sales networks around the globe, it has gone deep into 160 countries and regions globally, serving more than 1 billion users’ families. (Data as of January 2021). Haier Group is committed to working with its world-class ecosystem partners to continuously build premium brand, scenario brand and ecosystem brand, and to set up IoT ecosystems in clothing, food, accommodation, travel, health, elderly care, biomedicine and education, and to tailor personalized smart life for users around the globe.

“ China $34.3 Billion Home Appliance Giant Haier Smart Home to Sell 49% Stake in Haier India to India Billionaire Sunil Mittal Bharti Enterprises & $85 Billion Private Equity Firm Warburg Pincus, Haier to Retain 49% Stake & Haier India Management Team to Own 2% “

 



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China $34.3 Billion Home Appliance Giant Haier Smart Home to Sell 49% Stake in Haier India to India Billionaire Sunil Mittal Bharti Enterprises & $85 Billion Private Equity Firm Warburg Pincus, Haier to Retain 49% Stake & Haier India Management Team to Own 2%

Shanghai, China



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