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Koninklijke Philips N.V.

Koninklijke Philips N.V.

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Publicatie datum 15 mei 2012 - 08:35
Statutaire naam Koninklijke Philips N.V.
Titel Philips intends to sell its Speech Processing business to Invest AG
Bericht Amsterdam, the Netherlands – Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced that it intends to sell its Speech Processing business to Invest Unternehmensbeteiligungs Aktiengesellschaft AG (Invest AG), a private equity fund of the Raiffeisen Banking Group Upper Austria. Financial details of the proposed transaction will not be disclosed. The transaction, which is subject to the advice of the works council and customary regulatory filings, is expected to be completed in the second quarter of 2012.