Philips Suggests IPO Likely for Lighting


Philips is likely to divest its lighting business in an IPO, rather than selling it to an external buyer. The move is part of Philips’ intent to consolidate its wide-ranging business to fewer areas, such as healthcare.

CEO Frans van Houten said that improvements in equity markets have made an IPO more likely than a private sale. A final decision will be taken in Q2.

Analysts estimate that Philips Lighting is worth around €5.5 billion.