Philips : Divestment of Domestic Appliances completes the journey
>Philips sold Domestic Appliances to private equity - Yesterday during trading Philips announced it has sold its Domestic Appliances business to private equity (Hillhouse Capital). The transaction is expected to be completed in 3Q21 subject to customary closing conditions. D.A. was sold for € 3.7bn gross and € 3.0bn net (after taxes and transaction costs). In addition Philips will benefit from a 15-year brand licence agreement, with a net present value of € 700m. This...Koninklijke Philips Electronics is active in the markets of healthcare, consumer lifestyle and lighting. Co.'s activities can be divided into three segments: Healthcare (Co. provides Imaging Systems, Patient Care and Clinical Informatics, Home Healthcare Solutions and Customer Services), Consumer Lifestyle (Co.'s products are divided into the following: Health and Wellness; Domestic Appliances; and Lifestyle Entertainment), Lighting (Co. provides lighting solutions for homes, shops, offices, schools, hotels, factories and hospitals; Co. also offers solutions for roads (street lighting and car lights) and for public spaces, residential areas and sports arenas).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.