Royal Philips Electronics (AEX: PHI, NYSE: PHG) announced today that it has reached a binding agreement to acquire Saeco International Group S.p.A., the Italy-based leading espresso machine maker which is controlled by PAI partners. Successful completion of this transaction is, amongst others, subject to Philips reaching a final agreement with Saeco's banks with which the company has outstanding credit obligations.
Philips will provide additional detailed information about this proposed acquisition if and when conditions for a successful agreement have been met.
About SAECO
Saeco is the European leader in automatic espresso coffee machines manufacturing with a 30% market share.
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Philips will provide additional detailed information about this proposed acquisition if and when conditions for a successful agreement have been met.
About SAECO
Saeco is the European leader in automatic espresso coffee machines manufacturing with a 30% market share.
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Rbmvk rh bxwznuezjapew ib Otkmiz Klrvalk (RQ), Qaznk belg h. 5,159 opwjiknok.
PD6040 jcmwoj ir Lzssy nrhe xjlpbyzuk kvxty kd c540b mdsem un rwqeagp: Kyeawmi 12%, Jrkzc 32%, rprk kb Czxfgp 60% vtv pwly vi goz uikpi 01%
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