Philips auto lighting division's sale to Chinese company stalls

News
M&A

US’s Committee on Foreign Investment sees “unforeseen concerns”

The Dutch electronics group Philips' plan to sell the company's automotive lighting division to a Chinese company has stalled due to the US-based Committee on Foreign Investment in the US (CFIUS) expressing "certain unforeseen concerns".

Thank you for visiting S&P Global AutoTechInsight.

*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload preload