Philips to Sell 80.1% Lumileds Stake
Publishing its first quarter results this week, Philips provided an update on last month’s announcement that it was to sell an 80.1% interest in Lumileds, Philips’ combined LED components and automotive lighting business, to investment fund GO Scale Capital. The Lumileds and automotive business is now reported as discontinued operations and in Q1, the unit’s … Read more