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Philips in Nedlloyd deal

12th July 1990, Page 14
12th July 1990
Page 14
Page 14, 12th July 1990 — Philips in Nedlloyd deal
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Which of the following most accurately describes the problem?

• Philips is planning to sell its Dutch transport and forwarding organisation to Dutch-based international operator Nedlloyd.

This follows the sale of Phi lips' UK distribution company London Carriers International to Inter Forward of Sweden last month. The negotiations cover 100 trucks and 450 staff.