SEB Sees China, India Compensating for EU Slowdown, Echos Says

Groupe SEB SA, the world’s largest maker of countertop kitchen appliances, expects emerging-market sales to compensate for a slowdown in Europe, Jean-Pierre Lac, executive vice president of finance, told Les Echos in an interview.

SEB has completed the acquisition of a 55 percent stake in Indian household appliance maker Maharaja Whiteline, Les Echos also said, citing Lac, without disclosing a price.

To contact the reporter on this story: Andrew Roberts in Paris at aroberts36@bloomberg.net.

To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net

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