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Your position:Home > News > Industry News > PHILPS seems determined to pee.....

PHILPS seems determined to peel off the lighting business

  • Author:Eunice
  • Source:net
  • Release on :2016-05-24
     Philips (Koninklijke Philips N.V.) said on Monday that the company is more likely to through an initial public offering (IPO), and not sold openly sold its lighting business, on the grounds that the improvement in financial market sentiment.
Reported Bloomberg on April 4th, Royal Dutch Philips Lighting departments for possible initial public offering is specified six banks, and submitted a draft document to the Dutch market regulators. At the same time, the auction sale of the lighting business are continuing.
     Philips has been appointed Citigroup Inc., ing groep NV, Morgan Stanley joint limited liability company (Morgan Stanley & Co LLC) and the French bank Societe Generale Societe Generale SA as joint bookrunners, Dutch bank ABN AMRO group NV) and Rabobank (Cooperatieve Rabobank) as joint joint bookrunners. They say the documents have been submitted to the Holland Financial Markets Authority (Financieele Markten Autoriteit, or AFM) before making a formal application for the advice. The move is Mr. Wan was chief executive of Philips, relating to the sale of the lighting department and company focus on healthcare plan in a ring.
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