• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Turks plan to buy Philips household appliances division

22nd May 2020 Matthew Patridge

Turks plan to buy Philips household appliances division Pin It

A group of five Turkish companies together want to make an offer for the Philips division that makes household appliances. The directors of TOBB, DEIK, TIM, MUSIAD and TUSIAD have made agreements about this, according to the Turkish newspaper Sabah. The Turkish government is said to have supported the plan.

Earlier this year, Philips announced that it would display the Domestic Appliances division. The branch, which makes airfryers and coffee machines, among other things, no longer fits in with the company’s strategy. Philips is increasingly focusing on healthcare technology and previously also rejected the chip branch and the lighting division, as well as the components that make televisions.

It is not yet entirely clear when the sales process will start. Previously there were reports that this would happen in the summer, but it is not exactly clear whether the corona crisis is delaying. According to insiders, the household branch of Philips could yield between 2.3 billion and 3.7 billion euros.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

With face masks and…

In Domestic Affairs

With face masks and no food easyJet will restart in June

View Post

Next Post

From beer vats to 5G…

In IT, Innovation and Startups

From beer vats to 5G towers: Vodafone falls in love with Van Boxmeer

View Post

In IT, Innovation and Startups

Moderna gets permit for a mRNA plant in the UK

View Post

In Money Matters

British consumer confidence at the historically lowest point

View Post

In Foreign Affairs

The ban of Russian gold is likely to boost the price

View Post

Newsletter

Latest News

View

The ban of Russian gold is likely to boost the price

27th June 2022

View

British consumer confidence at the historically lowest point

24th June 2022

View

Moderna gets permit for a mRNA plant in the UK

23rd June 2022

View

Tesco says Brits are buying less and downtrading to manage inflation

20th June 2022

In Domestic Affairs

Crisis at P&O Ferries could affect independent UK retailers

View Post

In Domestic Affairs

Authorities seize one of P&O Ferries ships

View Post

Bulat Utemuratov owns an entire garage of sport cars.

In Foreign Affairs

The Great Hunt for the Nazarbayev assets has just begun

View Post

The former president of Kazakhstan N. Nazarbayev (L) and Aslan Musin (R)

In Foreign Affairs

Aslan Musin, an elusive kleptocrat from Kazakhstan, provided falsified records to obtain EU citizenship

View Post

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com

Sign Up for Our Newsletter

Our friendly crew

  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]