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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

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Published Tue, May 3, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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".

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