Shares of Whirlpool Corp. ( WHR ) climbed 1.1% after the leading worldwide home appliances producer declared its latest agreement with Fineldo S.p.A. The two companies penned an agreement per which Fineldo will sell its stake in Italy'sIndesit Company S.p.A. ( IND ) to Whirlpool for $1.03 billion. Fineldo, being a holding company, had a controlling interest in the Merloni family-owned Indesit, which is a leading producer and distributor of domestic appliances in Europe. Also, Whirlpool entered into an obligatory share purchase deal with some of the Merloni family members, for their shares in Indesit. Whirlpool's agreement with Fineldo involved a 42.7% stake in Indesit, whereas its acquisition of Merloni family shares secured 13.2% stake for Whirlpool. Additionally, the company partnered with individual shareholder Claudia Merloni for a 4.4 % stake in Indesit. Together, this chunk of Indesit shares represents 66.8% voting rights in the company.