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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Koninklijke Philips NV | NYSE:PHG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.25 | 0.94% | 26.81 | 27.05 | 26.7125 | 27.03 | 1,661,672 | 01:00:00 |
From May 2019 to May 2024
By Rory Gallivan
LONDON-- Dutch electronics group Koninklijke Philips NV (PHG) said Monday it has agreed to sell its remaining 30% stake in TP Vision, a television joint venture with screen maker TPV Technology Ltd (0903.HK), to a subsidiary of TPV for an undisclosed fee.
"By giving TPV full control, they can drive synergies and act in a faster and more flexible way to changes in the market," Philips Chief Executive Frans van Houten said.
A license agreement between Philips and TP Vision will remain in place, Philips said.
Philips shares at 1017 GMT, up 7 cents, or 0.25%, at 2,813 cents valuing the company at 26.38 billion euros ($35.8 billion).
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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