IPO FOR LIGHTING DIVISION

摘要

Royal Philips NV's split with its lighting division will probably involve selling shares in the unit as the Dutch manufacturer shifts focus to health technology. In a recent statement, the company said: "It is the current intention to effectuate the separation of the lighting business through an initial public offering," though other options for the division are still being reviewed, including a private sale. The separation of the division, the world's biggest maker of lamps and light bulbs, mirrors Munich-based Siemens AG's move in mid-2013 to spin off Osram Licht AG as an industry-wide shift toward more-efficient light-emitting diodes adds to competition. Since its debut on the Frankfurt exchange,