Philips to sell 80.1% stake in LED components biz for $2.8bn
Diversified Dutch firm Royal Philips will sell 80.1 percent stake in its combined LED components and automotive lighting business for about USD 2.8 billion to a consortium led by GO Scale Capital.
Mar 31, 2015, 17:23 PM ISTPhilips to sell major stake in LED, car lighting arm for $2.8 bn
Dutch electronics giant Philips on Tuesday said it was selling a majority stake in its LED and car lighting arm to a consortium led by China-based GO Scale Capital investment fund in a deal worth $2.8 bn.
Mar 31, 2015, 11:41 AM IST