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Philips CEO Doesn’t Rule Out Small Acquisitions, Figaro Says

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April 24 (Bloomberg) -- Royal Philips Electronics NV Chief Executive Officer Frans Van Houten isn’t ruling out small acquisitions, though that’s not the group’s main aim, Le Figaro reported, citing an interview with Van Houten.

Philips’s portfolio, which comprises consumer electronics, lighting products and a healthcare unit, is well balanced, the CEO told Le Figaro, when asked if Philips might focus only on lighting and health care.

To contact the reporter on this story: Francois de Beaupuy in Paris at fdebeaupuy@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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