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US home appliances firm Whirlpool Corporation announced on Tuesday that it has completed its transaction with Turkey’s Arçelik, creating a new European appliance operation. Whirlpool now owns 25% of the new entity, called Beko Europe BV, and Arcelik owns 75%. Whirlpool also completed its sale of the company’s Middle East and North Africa business to Arçelik. Holger Gottstein and Gilles Morel, two members of Whirlpool’s executive committee, will be appointed to the board of directors of Beko Europe BV. Whirlpool Corporation said the company will focus on its strong positions in the Americas and…

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