Philips has sold all its remaining shares in South Korea's LG Display, the Seoul company said on March 12.
Philips on March 11 disposed of its final 13.2% stake, said a spokesman for LG Display, the world's second largest liquid crystal display maker.
Philips and LG Electronics jointly set up a 50-50 joint venture, LG Philips LCD, in 1999. It was renamed LG Display in 2008.
The Dutch company had been cutting its stake in the joint venture since late 2005, a year after it was listed on the country's stock market.
LG Electronics is now the single largest shareholder with a 37.9% stake.
Shares of LG Display closed down 6.5% at 25,900 won on the Seoul stock exchange.
Copyright Agence France-Presse, 2009
