Philips walks away from LCD panels, sells shares in LG Display

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17-03-2008, 8:30 AM

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Philips walks away from LCD panels, sells shares in LG Display

Confirming its ongoing retreat from hardcore electronics, Dutch giant Philips has sold off more shares in joint venture company LG Display. Dropping 6.7 per cent, it now owns only 13.2 per cent of the Korean-based company. The sale raised 680 million euros. Philips, which once had a 45 per cent stake in the panel-making [...]
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