PHILPS lighting announced this month will be raised in Holland IPO $1 billion 100 million

According to foreign reports, PHILPS announced on Monday that its lighting department will be planning an initial public offering in Holland Amsterdam Stock Exchange (IPO), PHILPS lighting plans to raise up to 970 million euros ($1 billion 100 million) of funds.

PHILPS lighting plans to issue 37 million 500 thousand shares, the issue price range of $18.50 to $22.50. PHILPS's highest valuation of 3 billion 380 million euros for this transaction, the company will be listed in May 27th the fastest.

PHILPS's split lighting business, began in 1891 Frederick Philip (Frederik Philips) and his son began to sell white light bulbs. Split lighting business, allowing PHILPS to focus on becoming a medical technology provider. The chief executive of 000 was led by PHILPS, the focus has shifted to the annual output value of up to $125 billion in medical and health industry, and is no longer the lighting business. 000 haodon believes that the booming demand for technology, will allow the hospital to analyze the clinical data, allowing the patient to the health and nutritional status of mobile phone monitoring. PHILPS is creating a business that will combine medical scanners, electric toothbrushes and other products together.

PHILPS is currently the world's largest manufacturer of lighting equipment, lighting equipment business in 2015 revenues of 7 billion 500 million euros (about $8 billion 700 million), operating profit of 331 million euros (about $382 million). The company said PHILPS lighting will be traded on the pan European Stock Exchange (Euronext) in Holland, Amsterdam.

PHILPS announced in January this year announced by the U.S. because of regulatory opposition, the company has canceled the sale of a controlling stake in PHILPS lighting to Chinese (Capital Scale GO consortium jointly launched the Jinsha River venture capital investment fund and oak independent) plan. PHILPS said at the time that the sale of 80.1% stake in PHILPS lighting program attracted the attention of the U.S. Foreign Investment Committee (hereinafter referred to as "CFIUS"), the Commission will not approve this particular transaction. "

PHILPS in March last year had agreed to sell this part of the stake to the Chinese consortium GO Scale Capital. The total price of the transaction was $2 billion 800 million, PHILPS lighting in the transaction valued at $3 billion 300 million. PHILPS's operations in the United States include manufacturing and research facilities. It is not clear what the concerns expressed by the CFIUS, which is responsible for the Department of national security from the point of view of international transactions with the United states. Technology related deals in China are subject to rigorous scrutiny in the United states. Purple group last year, plans to spend $23 billion to buy micron failed. Sources said that this is partly due to the hope that the U.S. regulators approve the deal slim.

PHILPS shares closed at 23.01 euros on Friday at the Amsterdam stock exchange, with a market capitalization of about EUR 21 billion 400 million. (Ming Xuan)

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