Analysis
Philips To Sell Assembléon
Royal Philips Electronics announced today that it intends to sell a majority stake in its subsidiary Assembléon to H2 Equity Partners, an independent private equity firm. H2 Equity Partners will take an 80% stake in the company and Philips will retain 20% once the transaction, which is subject to the advice of the works council and customary regulatory filings, is completed.
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