Philips to sell major stake in LED, car lighting arm for $2.8bn
Dutch electronics giant Philips
The Hague - Arab Today
Dutch electronics giant Philips on Tuesday said it was selling a majority stake in its LED and car lighting arm to a consortium led by China-based GO Scale Capital investment fund in a deal worth $2.8 bn.
"Philips today announced that it has signed an agreement with a consortium led by GO Scale Capital through which they will acquire an 80.1 percent interest in Philips' combined LED components and automotive lighting business," the Amsterdam-based Philips said adding it expected to get around $2.8 billion (2.5 bn euros) from the deal.
- Wednesday ,12 December GMT 08:25 2018 Australian government discusses moving Israel embassy to Jerusalem
GMT 13:29 2018 Friday ,14 December
Turkey targets military over alleged Gulen linksGMT 09:32 2018 Wednesday ,12 December
Huawei CFO gets bail; China detains ex-Canadian diplomatGMT 09:24 2018 Wednesday ,12 December
LuLu supports KFUPM Rectors Cup marathonGMT 09:12 2018 Wednesday ,12 December
Ford trains 1,600 motorists in Mideast, Africa in 2018GMT 09:00 2018 Wednesday ,12 December
May tours Europe in desperate bid to save Brexit dealGMT 08:25 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to JerusalemGMT 10:32 2018 Tuesday ,11 December
Trump’s troubled White House in search of new chief of staffGMT 10:03 2018 Monday ,10 December
23 Palestinians arrested in West Bank
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 13:29 2018 Friday ,14 December
Turkey targets military over alleged Gulen links
GMT 16:11 2018 Friday ,07 December
Iraqi singer Kadim Al Sahir returns to Dubai Opera stage
GMT 09:47 2018 Monday ,10 December
Russian ex-policeman convicted over 56 murders
GMT 13:52 2018 Thursday ,13 December
Economic conference on investment opportunities in Syria kicks off
GMT 09:00 2018 Wednesday ,12 December
May tours Europe in desperate bid to save Brexit deal
GMT 15:46 2018 Wednesday ,12 December
Festive Fashion by Dubai-based designer ASMARAÏA
GMT 10:03 2018 Monday ,10 December
23 Palestinians arrested in West Bank
GMT 22:48 2018 Thursday ,13 December
French archaeological mission discovers artefacts in Umm Al Qaiwain
GMT 09:12 2018 Wednesday ,12 December
Ford trains 1,600 motorists in Mideast, Africa in 2018
GMT 10:16 2018 Wednesday ,12 December
Hariri Reaches London To Partake In Lebanon Uk Forum
GMT 10:09 2018 Monday ,10 December
Jewish extremists attack Palestinian-owned vehicles
GMT 16:03 2018 Wednesday ,28 November
Executive Office of Arab Ministers of Communications starts in Cairo
GMT 11:38 2017 Thursday ,16 March
Children act in play on notorious Belgian paedophile
GMT 18:18 2018 Friday ,05 October
Premier Khalifa bin Salman congratulates Egyptian president
GMT 01:14 2017 Wednesday ,18 October
Ban tells world leaders 'a political
GMT 12:50 2018 Tuesday ,11 December
India plans to pull out of $500 million missile deal with Israel
GMT 13:02 2018 Thursday ,18 October
From genetics to fashion design, glamor is in Fidda Al-Marzouqi’s genes
GMT 14:51 2018 Thursday ,04 October
US actress Kate Hudson has third child named Rani Rose Hudson
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