The Zhitong Finance App learned that Dutch medical technology company Philips (PHG.US) and its largest shareholder, Exor Group under the Italian Agnelli Family — announced on Tuesday that the two sides have extended the shareholder agreement to raise Exor's shareholding limit in Philips from 20% to 22%, and allow it to further increase its holdings after obtaining approval from the Supervisory Board. The move marks a further increase in the bet on the medical technology sector under the leadership of CEO John Elcan, the giant that founded Fiat.

The Zhitong Finance App learned that Dutch medical technology company Philips (PHG.US) and its largest shareholder, Exor Group under the Italian Agnelli Family — announced on Tuesday that the two sides have extended the shareholder agreement to raise Exor's shareholding limit in Philips from 20% to 22%, and allow it to further increase its holdings after obtaining approval from the Supervisory Board. The move marks a further increase in the bet on the medical technology sector under the leadership of CEO John Elcan, the giant that founded Fiat.