Philips to sell Lumileds majority share for $1.5bn
The Hague economy
The Hague - Arab Today
|
Dutch electronics giant Philips announced Monday the sale of a majority share in its Lumileds lighting business for $1.5 billion, after cancelling the sale earlier this year over US regulatory concerns. "Royal Philips today announced that it has signed an agreement to sell an 80.1-percent interest in Lumileds to certain funds managed by affiliates of (US-based) Apollo Global Management," the Amsterdam-based company said in a statement. "Philips expects to receive cash proceeds, before tax and transaction-related costs, of approximately $1.5 billion (1.41 million euros) and participating preferred equity," it said. |
GMT 12:07 2018 Tuesday ,23 January
Syria Kurds urge civilians to take up arms against Turk assaultGMT 12:03 2018 Tuesday ,23 January
Egypt military accuses presidential hopeful of crimes including forgeryGMT 11:41 2018 Tuesday ,23 January
UK regulator says Fox's Sky takeover 'not in public interest'GMT 11:38 2018 Tuesday ,23 January
South African jazz legend Hugh Masekela diesGMT 11:36 2018 Tuesday ,23 January
EU removes eight countries from tax haven listGMT 11:32 2018 Tuesday ,23 January
8.2 magnitude quake hits off Alaska: USGSGMT 11:28 2018 Tuesday ,23 January
Mattis calls for Turkish 'restraint' in SyriaGMT 03:43 2018 Tuesday ,23 January
Turkish soldier killed in Syria operation: army
- Tuesday ,23 January GMT 12:03 2018 Egypt military accuses presidential hopeful of crimes including forgery
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:16 2016 Wednesday ,23 March
cartoon five
GMT 05:06 2024 Tuesday ,06 February
New hunt for flight MH370 gets under way
GMT 02:26 2017 Sunday ,19 March
Falling in love with Afghanistan
GMT 15:28 2014 Saturday ,25 October
How successful people handle toxic people
GMT 20:50 2016 Sunday ,13 March
Sheikha Fatima receives Jawaher Medal of HonourGMT 03:54 2012 Sunday ,13 May
TV Azteca’s Hi-TV channel declared legal
GMT 14:56 2016 Wednesday ,30 November
Fall in Saudi construction costs to ease, but ‘tough’ market persists
GMT 10:40 2014 Tuesday ,05 August
Best small hotels in the world
GMT 22:38 2015 Tuesday ,25 August
UAE Armed Forces women honoured
GMT 07:52 2015 Monday ,10 August
How to weigh the Milky Way
GMT 08:32 2018 Sunday ,07 January
France's Simon wins first ATP title
GMT 11:26 2017 Friday ,15 December
'Super Size Me' filmmaker confesses to sexual misdeeds
GMT 18:00 2016 Saturday ,15 October
Guinea struggles to reel in foreign boats' illegal fishingGMT 16:33 2012 Sunday ,28 October
Apple launches first iPad mini
GMT 22:48 2017 Saturday ,24 June
FM, Chinese counterpart discuss bilateral ties
GMT 17:55 2018 Wednesday ,17 January
France coach defends Bastareaud over homophobia
GMT 11:56 2015 Wednesday ,04 March
Audi to present latest R8 sports car at Geneva Motor Show
GMT 08:23 2017 Sunday ,17 December
Injured Yemenis return to Aden after successful
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor