Philips Sells 24M Shares of LG Display

On March 12, Royal Philips Electronics NV announced that it had sold 6.7% or 24M shares of LG Display for net proceeds of around E680M. The company now holds just 13.2% stake at LGD, formerly known as LG.Philips LCD (LPL).

It is fitting that LG.Philips LCD changed its name to LG Display. Philips is no longer a meaningful player at LGD.

Source: Forbes

[tags]Display Manufacturer, LG Display, LPL, LG.Philips LCD, Philips[/tags]

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