Philips Sells Majority Stake in LED Components, Automotive Business

AMSTERDAM—Koninklijke Philips NV skeleton to sell a infancy interest in a lighting components and automotive-lighting activities to an investment consortium in a money understanding that values a business during about $3.3 billion.

The sale outlines a initial step in a two-part devise by a Dutch wiring organisation to exit a lighting business to concentration on medical apparatus and consumer-lifestyle products.

The devise echoes a preference by Siemens…

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