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Philips

World news about “Philips” published by euronews.

03/05 13:47 CET

No buyers for Philips lighting division means it gets spun off

No buyers for Philips lighting division means it gets spun off

Medical equipment and technology firm Philips says it will sell a stake of at least 25 percent of its lighting division on the Amsterdam stock market. The IPO, or initial public offering of shares, comes after it failed to find a buyer for the division, which is the…