Philips Completes Sale of Domestic Appliances Business to Global Investment firm Hillhouse Investment

Amsterdam, the Netherlands, Sept. 2 (Korea Bizwire) – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today announced that it has completed the sale of the Domestic Appliances business to Hillhouse Investment, a global investment firm. The results of this transaction, which Philips announced on March 25, 2021, will be reported under discontinued operations in [...]