shares or 25% of Philips' lighting division sold via an IPO listing at the Amsterdam stock exchange on 26-May-2016. This is part of its strategy to transition to a medical technology company. It plans to divest further in coming years.

37.5 million

shares or 25% of Philips' lighting division sold via an IPO listing at the Amsterdam stock exchange on 26-May-2016. This is part of its strategy to transition to a medical technology company. It plans to divest further in coming years.

shares or 25% of Philips' lighting division sold via an IPO listing at the Amsterdam stock exchange on 26-May-2016. This is part of its strategy to transition to a medical technology company. It plans to divest further in coming years.

Last Modified: 27-May-2016 2:47 PM

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Posted by Yatin Dhareshwar in Business & Industry

Tags Philips Divestment IPO Philips Lighting

Source CNBC