Philips' Ronald De Jong shares that there is rising demand for home healthcare technology, which is where the Dutch firm sees opportunities. » Read More
European markets hovered around the flatline Monday following weak data out of China.
THE HAGUE, Netherlands— Dutch electronics giant Royal Philips NV has set the price for the initial public offering of its lighting division, saying it will sell 25 percent of shares at a price between 18.50 and 22.50 euros. The company said Monday the IPO will likely be held Friday, May 27, on Amsterdam's Euronext exchange and will raise around 694- 844 million euros.
Medical equipment and technology firm to spin off its lighting division, the world's largest maker of lights, in an initial public offering.
European stocks ended trade in the red, amid weak sentiment across the globe, as a sharp decline in mining stocks weighed on the wider benchmarks.
Frans van Houten, CEO of Royal Philips, discusses the benefits of separating lighting from the company and talks about the components business.
Electronics giant reports a rise in first-quarter sales but net profits were hit hard due to tax charges.
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European markets posted strong gains on Tuesday, on the back of a sharp rebound in oil prices and a rally in mining stocks.
Company, which is trying to dispose of its lighting operations, expects improvement only in the second half.
European stocks closed sharply higher on Friday, buoyed by a recovery in oil prices and dovish remarks from the ECB.
The promise of more monetary easing around the world and an extension of Thursday's crude rally were factors helping propel global markets this morning.
Dutch group's $3.3 billion deal to sell its Lumileds division to a group of Asian investors founders over objections by the US government.
The outlook for the world may be uncertain but that shouldn't mean companies and governments should "get paralyzed," says Philips CEO to CNBC.
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European equities were mixed on Monday, as investors got to grips with a fresh set of earnings reports.
The chief executive of Philips told CNBC Monday that it would take time to see a recovery in emerging markets.
European equities accelerated gains to close around 1 percent higher on Tuesday, after a choppy day of trade.
Some of the names on the move ahead of the open.
Philips, the lighting, consumer and healthcare products company, said its second-quarter net profit rose to $301.6 million.