Motor tycoons Agnelli family buys 15% stake in Philips

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Deal is valued at €2.6 billion

Exor, the investment firm, has bought a minority stake in Dutch medical technology company Philips, which is still working through a costly product recall, as part of a

plan to expand in health care.Exor, which is owned by Italy’s Agnelli family, bought a 15 per cent stake in Philips through on-market share purchases and an agreement with ...

 

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