Philips to divest majority stake in Lumileds to Apollo Global Management
Deal is valued at USD2 billion
Philips inked an agreement to divest its majority stake of 80.1% in Lumileds, a supplier of LED components and automotive lighting, to certain funds managed by affiliates of Apollo Global Management, according to a press release by Lumileds last month.
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
