Philips has decided to get rid of for the production of light bulbs units. The company will bring it to the stock exchange, that within a few years to sell a controlling stake
Dutch conglomerate Philips announced plans to get rid of for the production of electric bulbs units. The company will bring it to the stock exchange and sell within a few years a controlling stake
for the production of electric bulbs division of Philips will be allocated in a separate structure, and displayed on a stock exchange Euronext Amsterdam. First, it will be sold 25% of shares, and then the Dutch for a few get rid of a controlling stake to focus on production of a medical nature, the Financial Times reported, citing the statement of the company.
Director General of Philips Frans van Houten said that unit for the production of light bulbs, called Lumileds «could reasonably expect to succeed as an independent company. Manual Philips believes that the transition from consumer goods to health care offers more opportunities for growth.
Previously, Philips had planned to sell 80.1% of Lumileds Chinese consortium for $ 2.8 billion. However, in January this deal fell through -this US regulators objections.
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