NETHERLANDS/UK - Dutch firm Royal Philips Electronics is selling its entire stake in NXP Semiconductors to its UK pension fund.
The company will make a cash contribution of €350m ($446m) to the pension fund, which will use the funds to buy the 17% stake in NXP still owned by Philips. "We were looking for ways to sell the...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
