(Alliance News) - Five companies are reportedly interested in acquiring the Riello group, including Italian companies such as Ariston, foreign giants, and private equity funds in the carve-out sector.

The news was reported by Il Sole 24 Ore, which on Friday outlined the non-binding offers received, according to rumors, by the advisor Bank of America.

The acquisition of Riello could be tempting for Ariston, which already has a €500 million investment plan ready in Italy, about half of which is for research and development.

In addition, there is also interest from Ferroli, supported by advisor Jefferies; China's Haier, which acquired the Candy group in Italy; another Chinese company, Midea, supported by advisor Rothschild; Belgian fund Syntagma Capital; and German fund Aurelius, already present in Italy.

Ariston's stock fell 1.9% on Friday to EUR3.612 per share.

By Michele Cirulli, Alliance News Reporter

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