Philips Lighting could still be sold to private bidder
Despite its plans to take Philips Lighting to the Euronext in an IPO, there is still a chance the Philips [AMS:PHA]division could be sold to a private bidder, Philips CEO Frans van Houten indicated in a press conference about the listing plans yesterday (3 May).
The news was reported by Dutch-language publications NRC Handelsblad and De Telegraaf.
Both papers reported Van Houten would not specifically rule out an ultimate bid by a private party, which would then put a halt to the IPO process.
Philips plans to float Philips Lighting in about four weeks, NRC Handelsblad reported.
NRC Handelsblad, de Telegraaf