Philips acquires 51% of GLC

Press release, March 18; Alex Wolfgram, DIGITIMES Asia Tuesday 18 March 2014 0

Royal Philips has announced that it has entered into agreements to acquire 51% of General Lighting Company (GLC), a major lighting company in the Kingdom of Saudi Arabia (KSA), from a consortium of shareholders that include Alliance Holding Ltd. (Alliance),...

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