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Philips Lighting which split from its electronics giant parent company to list as a standalone on the Amsterdam stock exchange in 2016, announced Wednesday it was joining the market's top-tier AEX index.
"Philips Lighting... announces that Euronext has selected the company for inclusion in the AEX index on Euronext Amsterdam, effective March 19," the firm said in a statement.
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Amsterdam-based Philips Lighting "will be included in the prestigious AEX index less than two years after our initial public listing," said chief executive Eric Rondolat, calling it an "important step in our transformation journey".
Philips announced in September 2014 that it was selling off its core lighting business—a mainstay of...
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