Koninklijke Philips N.V. Expands Exor’s Ownership Ceiling to 22%
Key Takeaways: Koninklijke Philips N.V. has updated its long-term relationship agreement with Exor N.V., giving its largest shareholder the option to increase its stake to as much as 22% of Philips’ issued ordinary share capital and voting rights. The revised ceiling is up from 20%. It does not, by itself, mean Ex