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General

Dutch state, KPN invest in Smart Photonics

Tuesday 30 June 2020 | 10:11 CET | News
The Dutch state has agreed to lend EUR 20 million to a financing package for the company Smart Photonics. The Brabant regional development company is providing in total EUR 35 million for the Eindhoven-based company through a special purpose vehicle in which KPN Ventures and other investors also are participating. According to local paper Finacieele Dagblad, the aim is to ensure the developer of photonic integrated circuits stays in the Netherlands and does not fall prey to a foreign takeover. 

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Categories: General
Companies: KPN
Countries: Netherlands
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