Philips set to offload majority of LED business for £1.8bn

Jessica Shankleman
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Investor GO Scale Capital says it wants to expand presence in energy efficient lighting market

Electronics giant Philips has revealed plans to sell 80.1 per cent of its Lumileds LED lighting arm to investment fund GO Scale Capital, in a deal valued at $2.8bn (£1.8bn). The deal, expected to be...

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