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CLOSE on the heels of acquiring the colour picture-tube business of Thomson, the Videocon group seems to have more acquisitions in the pipeline.

The group is in negotiations to acquire the troubled Indian subsidiary of Swedish white goods company, Electrolux.

According to sources, the deal is likely to be announced in the next 10-15 days after it is sealed in Stockholm.

The deal is expected to be bigger than the one Videocon has signed with Thomson, the sources said.

The buyout is expected to include the three production facilities of Electrolux India and brand rights for the Indian market.

Mr V.N. Dhoot, Managing Director of Videocon International, refused to comment stating he was not in a position to say anything "due to regulatory guidelines."

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