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Koninklijke Philips N.V.

Koninklijke Philips N.V.

Below you will find information from the register publication of inside information. The information has been provided by the organisation.

Registration date 02 apr 2012 - 08:00
Statutory name Koninklijke Philips N.V.
Title Philips and TPV announce start of Television joint venture named TP Vision
Comments Amsterdam, the Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced that the transaction to create a Television joint venture with TPV Technology Limited (0903.HK) has been completed. The joint venture will be called TP Vision and will be 70% owned by TPV and 30% by Philips. TP Vision will develop, manufacture and market Philips branded TV sets. The completion of the agreement comes after the necessary merger clearance, governmental and TPV shareholder approvals were obtained. TP Vision, with headquarters in Amsterdam, will be led by Mr. Maarten de Vries. TP Vision will combine the design expertise and innovative Philips TV heritage with the manufacturing scale, and operational excellence, of TPV.