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 23:17 2016 Wednesday ,23 November
Egyptian women's football team defeats Zimbabwe 1-0
GMT 07:04 2018 Saturday ,13 January
Saudi Arabia welcomes Arab foreign ministers’ meeting on Jerusalem
GMT 05:09 2017 Tuesday ,11 July
China`s railways carried 5.1m passengers in New Year`s Day
GMT 02:33 2017 Tuesday ,26 September
US will go to Pyeongchang, confident in security, safety
GMT 17:39 2016 Sunday ,16 October
Wrong intel ‘led to Sanaa strike’
GMT 08:24 2016 Thursday ,31 March
Argentine Senate to vote
GMT 05:55 2017 Tuesday ,26 December
Saudi Arabia confirms death of judge Mohammed Al-Jirani
GMT 05:12 2017 Wednesday ,22 March
EU deplores ‘surreal’ stand by US on world trade
GMT 10:22 2017 Wednesday ,18 October
Britain's MI5 says running over 500 terror probes
GMT 14:36 2017 Saturday ,19 August
Queen of Soul Aretha Franklin moving back
GMT 13:49 2017 Friday ,19 May
South Sudan's opposition groups agree to work together against government
GMT 19:33 2016 Wednesday ,10 August
BMW Korea to Recall Nearly 12,000 Cars in South Korea
GMT 21:52 2017 Thursday ,27 July
Sara Malocco PR handles Giovanni Raspini
GMT 13:48 2017 Sunday ,15 October
Bahrain to host eCommerce Forum/Exhibition 2017
GMT 08:12 2017 Friday ,06 October
Football: Disputed penalty lifts Syria World Cup hopes
GMT 18:50 2017 Monday ,01 May
Ukraine clings to nuclear power
GMT 11:42 2017 Monday ,15 May
NASA delays debut launch of moon rocket, capsule
GMT 14:45 2017 Tuesday ,28 November
Kids the bait in football shark pool
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor