Philips plans to "sell" 14.8% stake in lighting business

According to reports, the Dutch giant Philips (Philips) said on the 8th that they will sell 14.8% of the shares of Philips Lighting (LIGHT.AS). As part of the Philips Group's strategy, the division of the lighting business to go public is an important plan for the company, Philips is expected to achieve a full plan within two years, the company's share price has risen 20% after this news. Philips previously sold 25% of its lighting business in May 2016 and has made the lighting industry independent, making it the world's largest independent lighting product manufacturer. Philips currently owns 71.2% of Philips Lighting's equity, and this time it sold 14.8% of the shares. If it is sold, it is expected to reduce Philips' Philips Lighting business share to 56.1%.

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