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Philips to sell Lumileds majority share for $1.5 billion

Philips to sell Lumileds majority share for $1.5 billion

Mon, Dec 12, 2016

Dutch electronics giant Philips announced on Monday the sale of a majority share in its Lumileds LED lighting business for $1.5 billion (nearly Rs 9,979.13 crore), after cancelling the sale earlier this year over US regulatory concerns.

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