Hillhouse Capital Purchases Home Appliance Service of Philips for 34 Billion RMB
Health technology company Philips announced on Thursday that it had signed an agreement to sell its home appliance service to investment firm Hillhouse Capital for 24 billion yuan (about 4.4 billion euros), a sum comprising 3.7 billion euros for the sale of its core service and 700 million euros for brand authorization.
Philips, headquar…