Philips verkoop deel belang in Atos Origin

Philips reduces Atos Origin stake

Philips has sold a total of 11 million shares in Atos Origin. The transaction will provide Philips with proceeds of approximately EUR 550 million, and will result in a non-taxable gain of approximately EUR 160 million in the fourth quarter. Prior to this transaction, Philips' holding represented 31.9 percent of Atos Origin's outstanding shares. Following this transaction, Philips now owns approximately 10.3 million shares, or 15.4 percent of Atos Origin's outstanding shares.