Philips to sell controlling stake in LED business to Apollo – Financial Times

Philips to sell controlling stake in LED business to Apollo – Financial Times

Financial TimesPhilips to sell controlling stake in LED business to ApolloFinancial TimesPhilips will sell a controlling stake in its LED business to a consortium led by US private equity group Apollo Global Management in a deal that values the division at $2bn — a 40 per cent discount to a previous sale that was blocked by US regulators.and more »
Philips to sell controlling stake in LED business to Apollo – Financial Times