Carrier Global Corp. (CARR) announced that it agreed to sell its Riello business to Ariston Group.
Carrier expects gross proceeds from the transaction of approximately $430 million and plans to use the net proceeds for general corporate purposes, including share repurchases, consistent with its capital allocation priorities.
The transaction is expected to close during the first half of 2026, subject to customary closing conditions, including regulatory approvals and works council consultation processes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.