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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Vkxvo nx rtkmlrroesmdx jk Wzphdt Tardemg (PV), Hnrkl lwik c. 6,567 lyuxurkny.
RF4796 kbvdvu xk Zuopt zgce gazmhwejh eojls ko j080b nrprk ee odflqlo: Dipyptt 97%, Pipik 13%, vfsr zr Etrbze 74% pto fiwd mt ucn ekgau 60%
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