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 21:55 2018 Tuesday ,23 January
Trump to meet May, Netanyahu, Kagame in Davos: White HouseGMT 21:53 2018 Tuesday ,23 January
S&P 500, Nasdaq end at records as technology shares gainGMT 21:51 2018 Tuesday ,23 January
Venezuela's Maduro says ready to run for second termGMT 21:49 2018 Tuesday ,23 January
Trump to tell Erdogan of concern over Syria offensiveGMT 21:47 2018 Tuesday ,23 January
Trump says NAFTA talks are 'moving along pretty well'GMT 22:13 2018 Monday ,22 January
Senate votes to end US shutdown, bill heads to HouseGMT 22:12 2018 Monday ,22 January
Dow, S&P, Nasdaq finish at records as US goverment shutdown endsGMT 22:10 2018 Monday ,22 January
Turkish soldier killed in Syria operation
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
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" opened 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 his
GMT 21:49 2018 Tuesday ,23 January
Trump to tell Erdogan of concern over Syria offensive
GMT 08:26 2018 Tuesday ,23 January
Five things to know about Davos
GMT 16:13 2018 Sunday ,14 January
Netanyahu urges Macron to 'fix' Iran nuclear deal
GMT 20:49 2017 Wednesday ,25 October
Bombardier reviewing CSeries deliveries due to Pratt & Whitney engine fixes
GMT 10:17 2016 Thursday ,21 January
WHO confirms second new Ebola case in Sierra Leone
GMT 13:50 2016 Thursday ,07 July
Exciting Journey behind the wheel of Audi R8 in GermanyGMT 13:33 2011 Wednesday ,06 July
Russia bids to expand Arctic border to seek gasGMT 09:06 2011 Wednesday ,21 September
Powerful typhoon hits JapanGMT 11:15 2011 Wednesday ,03 August
2 glaciers in Nepal to disappear
GMT 19:01 2017 Saturday ,19 August
Finland suspect an asylum seeker, targeted women
GMT 02:45 2017 Wednesday ,08 February
Coup defeat a matter of time, says Yemeni VP
GMT 17:38 2017 Friday ,14 July
Saad Lamjarred denied issuance of new songGMT 16:02 2011 Thursday ,21 April
Chelsea squad not good enoughGMT 11:29 2011 Tuesday ,19 July
Etihad Towers on track for delivery
GMT 13:52 2015 Monday ,18 May
Woodward in hunt to succeed Saint-Andre as France coach
GMT 02:05 2017 Wednesday ,22 February
UAE takes keen interest in supporting higher education
GMT 07:17 2017 Saturday ,01 July
Key US inflation measure declines in May
GMT 10:31 2017 Friday ,17 November
Iraq forces retake last town in country held by IS: army
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
