Deals
Philips to Pursue IPO for Lighting Unit in First Half 2016
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Royal Philips NV plans to carry out an initial public offering of its lighting unit next year to focus on a potential 100 billion-euro ($107 billion) consumer health-care market.
An IPO “would be expected to take place in the first half of 2016,” Philips said in a circular for its May 7 annual shareholder meeting. The Amsterdam-based company will continue to assess alternative options, including a sale, it said.