Carrier Global Completes $440 Million Sale of Riello Business to Ariston Group

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Summary · why it matters

Carrier Global Corporation has completed the sale of its Riello business to Ariston Group for gross proceeds of approximately $440 million. The divestiture is part of Carrier's portfolio management strategy to refocus on core climate and energy solutions. Proceeds will support innovation, core business growth, and shareholder value creation. BofA Securities served as exclusive financial advisor, with Linklaters LLP providing external legal counsel.

Impact on assets 3

Smart City / Autonomous Infrastructure▲
Carrier Global Corp
CARR
▲ PositiveCapitalrelevance

Completed sale of Riello for $440M, refocusing on core business and supporting shareholder value.

Energy Transition & Power Demand▲
Financials▲

Off-coverage companies 1

Linklaters LLPi
Private± Mixedrelevance