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.
- Monday ,22 January GMT 19:53 2018 Afrin clashes kill 54 Syrian Kurd and pro-Turkey fighters: monitor
GMT 14:12 2018 Tuesday ,23 January
Oscar best director nomineesGMT 14:09 2018 Tuesday ,23 January
Oscar best actress nomineesGMT 14:06 2018 Tuesday ,23 January
Oscar best actor nomineesGMT 13:58 2018 Tuesday ,23 January
Oscar best foreign film nomineesGMT 20:03 2018 Monday ,22 January
Eurozone approves 6.7-bln-euro bailout tranche for GreeceGMT 20:00 2018 Monday ,22 January
Trump to travel to Davos as shutdown deal reached: W.HouseGMT 19:57 2018 Monday ,22 January
Democrats to vote to reopen US government: SchumerGMT 19:53 2018 Monday ,22 January
Afrin clashes kill 54 Syrian Kurd and pro-Turkey fighters: monitor
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
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 hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens more
GMT 09:47 2018 Tuesday ,23 January
To 'eternal style' of late Alaia
GMT 18:41 2018 Sunday ,21 January
Jordan urges Pence to rebuild trust after Jerusalem pivotGMT 17:12 2012 Wednesday ,16 May
LG unveils new user interface for ICS devices
GMT 18:19 2016 Wednesday ,23 March
900 concrete caves for fish to breed safely off UAE coasts
GMT 15:03 2013 Thursday ,25 July
Belgium under heat wave
GMT 04:59 2015 Tuesday ,01 September
Qatar coral reef at risk from warming seas
GMT 21:51 2016 Friday ,14 October
3 frontier corps personnel killed in QuettaGMT 14:42 2012 Saturday ,21 January
Bella Cruise debuts new main squeezeGMT 13:52 2013 Tuesday ,26 March
Indian director talks about Himmatwala remake
GMT 22:26 2017 Sunday ,08 January
1 Turkish soldier, 37 Daesh militants killed
GMT 12:12 2014 Friday ,31 October
Jake Gyllenhaal breaks brutal news in 'Nightcrawler'
GMT 02:35 2014 Sunday ,29 June
Hilton Jaipur unveils new main restaurant
GMT 20:51 2015 Saturday ,10 January
Twofour54 will train Saudi journalists
GMT 02:17 2016 Sunday ,17 April
Number of dead in collapsed Tenerife building rises to 6
GMT 21:47 2015 Tuesday ,20 January
Kuwait shuts newspaper critical of government
GMT 06:35 2016 Monday ,23 May
Israeli cabinet revises contentious offshore gas deal
GMT 16:32 2016 Monday ,07 March
Total solar eclipse to sweep across vast Indonesian archipelago
GMT 09:38 2013 Tuesday ,31 December
SRA discovers new plant species in UAE
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