China’s Midea Group agrees to buy majority stake in Clivet SpA Officials of Midea and Clivet S.p.A. Fox Hu June 27, 2016 PremiumMidea Group Co., China’s biggest appliance manufacturer, signed an agreement to buy an 80 percent stake in Clivet SpA, an Italian maker of air conditioners. Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Should your colleagues be reading this article too? Contact us for corporate subscriptions at email@example.com.