Goldman Sachs discloses short position in Philips after Dutch regulator review

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSAMSTERDAM - The Dutch financial markets watchdog on Monday said its public filings had been updated to reflect that Goldman Sachs held a large gross short position in healthcare equipment maker Philips on Aug. 14, counterbalancing a previously disclosed long position.

The review"has led to the additional disclosures of gross short positions by Goldman Sachs in the AFM register", the agency said in an e-mailed statement. Philips said at the time a bank had acted on behalf of Exor and used a derivatives structure, but it could not comment further. A Philips spokesperson said on Monday that the company had no additional comment.U.S. Securities and Exchange Commission filings showed Exor had obtained a 2.99% stake in Philips by June 30, just below the Dutch disclosure threshold.

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