Monday November 23, 2020

Philips waiting for lightbulb moment on lighting division

"IPO increasingly appears a more likely outcome" company said

1st May, 2016
4
Listing of the Philips lighting division is the more likely outcome, it says

Electronics giant Philips has indicated that the listing of its lighting division is more likely than a private sale.

“With equity markets’ sentiment improving compared to the first couple of months of the year, an IPO increasingly appears a more likely outcome, subject to further market developments and other relevant circumstances. However, the company has not yet concluded on all proposals in the private sale process and continues to assess the attractiveness of this route...

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