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Philips sells 80.1% of lighting components unit for US$2.8 billion

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Philips said on Tuesday that it has agreed to sell an 80.1 stake in its lighting components division for US$2.8 billion to Go Scale Capital, a new investment fund that focuses on LEDs and electric car battery technology.

Amsterdam

PHILIPS said on Tuesday that it has agreed to sell an 80.1 stake in its lighting components division for US$2.8 billion to Go Scale Capital, a new investment fund that focuses on LEDs and electric car battery technology.

Philips said that the deal values the subsidiary,

sentifi.com

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