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Philips plans listing of lighting unit after failing to find buyer

Listing could value heritage unit at as much as 5.5 billion euros, sources say

Published Tue, May 3, 2016 · 09:50 PM

Amsterdam

ROYAL Philips NV is planning to list its historic lighting division after the Dutch manufacturer of medical scanners and shavers failed to find a buyer after searching for at least half a year.

Philips plans to sell at least 25 per cent of the shares in the business in Amsterdam, the company said in a statement on Tuesday. It aims to sell the remaining stake "over the next several years".

The listing could value …

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Philips plans listing of lighting unit after failing to find buyer

Consumer & Healthcare

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