PHILPS intends to sell 14.8% stake in the lighting business

Holland Dachang PHILPS (Philips) on Wednesday (8 May), said they would sell 14.8% of PHILPS lighting business (LIGHT.AS) equity. As part of the PHILPS group's strategy, segmentation is an important cause of the lighting out listing plan of the company, PHILPS is expected to achieve a complete plan within two years, the company's share price rose by 20% on the news.

PHILPS previously sold 25% stake in the lighting industry in May 2016, and let the lighting industry to become the world's largest independent lighting products manufacturers.

PHILPS currently has a 71.2% stake in the hands of PHILPS lighting business, the sale of a stake of 14.8%, all sold, it is expected to allow the hands of PHILPS's PHILPS lighting holdings fell to $56.1%. (compile: LEDinside Ivan)

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