Philips Said to Be in Talks to Sell Lumileds to Apollo Global

  • Company scrapped Chinese deal in January on regulatory issues
  • Other private equity firms said to have dropped out of talks

Royal Philips NV is in talks to sell its Lumileds lighting-components division to Apollo Global Management LLC after scrapping a plan to sell the business for $2.8 billion earlier this year amid regulatory concerns, people with knowledge of the matter said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.