You are here

Philips' lighting unit IPO more likely as profit rises

philips.jpg
ROYAL Philips NV is leaning towards holding an initial public offering (IPO) of its historic lighting business after first-quarter profit beat estimates and an attempt at a private sale has so far been unsuccessful.

Amsterdam

ROYAL Philips NV is leaning towards holding an initial public offering (IPO) of its historic lighting business after first-quarter profit beat estimates and an attempt at a private sale has so far been unsuccessful.

"With equity markets' sentiment improving compared to