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Electrolux CEO sees no need for external capital

World number two home appliances maker Electrolux' top executive said the company's liquidity position had improved in recent months and that he saw no need for an external capital boost.

“We have during the first two months of this year further improved our liquidity and don't see any need for external financing in 2009,” Electrolux Chief Executive Hans Straberg told the white goods maker's annual shareholders meeting. (Reuters)