According to reports on Tuesday, Royal Philips Electronics NV is currently in talks to sell its stake (33%) in flat-panel display maker LG.Philips. The move could bring the company €3.7 billion (US$5 billion) in proceeds. The company has faced oversupply in the market for LCD and is also being investigated by U.S. and Asian regulators for anticompetitive practices.
LG.Philips posted a first quarter net loss of US$180 million (€133 million), tightening from a loss of US$185 million a year earlier.
Source:
Expatica












