Turkish consortium could snap up Philips' appliances division - Sabah
Share:
ISTANBUL (Reuters) - A group of Turkish business associations is looking to buy the household appliances division of Dutch electronics giant Philips in a plan supported by Ankara, Turkish newspaper Sabah said on Friday.Philips said in January it was looking to separate the household appliances division, which had $2.6 billion in sales in 2019.The Turkish group includes five leading organisations in the business world: the Foreign Economic Relations Board (DEIK), exporters' assembly TIM, the..