Philips (PHG -1.7%) sells its high-tech campus in Eindhoven in the south of Holland for...

|By:, SA News Editor

Philips (PHG -1.7%) sells its high-tech campus in Eindhoven in the south of Holland for €425M ($565M) as part of an €800M cost-cutting plan that it unveiled in 2011. Philips will now lease back several buildings on the campus.