Philips sells LED and car business stake to PE groups for $2.8bn – FT.com

http://bit.ly/1I9or6I

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Philips has sold off a majority stake in its LED and car business to private equity investors for $2.8bn as part of its plan to move beyond lightbulbs and focus more on healthcare equipment. The Amsterdam-based company will retain a 19.9 per cent

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