Philips sells NXP stake to its pension fund

clock

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 (£290m) 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

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Behind the numbers - What defined benefit members really think

Partner Insight: Behind the numbers - What defined benefit members really think

Claire Altman, Managing Director – Pension Risk Transfer & Individual Retirement at Standard Life
clock 02 April 2026 • 5 min read
Partner Insight: DB Endgames and Surplus – A Strategic Crossroads for UK Schemes

Partner Insight: DB Endgames and Surplus – A Strategic Crossroads for UK Schemes

James Patten, Partner, UK DB Endgame Strategy Team and Lucy Barron, Partner, Head of Investment Endgame
clock 01 April 2026 • 3 min read
Partner Insight: Optimising your endgame - Choosing the right consolidation path for your scheme

Partner Insight: Optimising your endgame - Choosing the right consolidation path for your scheme

Exploring the range of consolidation paths and endgame options to help trustees and sponsors make confident, informed decisions about their scheme’s future.

David Lane, CEO @ TPT Retirement Solutions
clock 01 April 2026 • 2 min read
Trustpilot