Koninklijke Philips extends Philips Lighting exit with popular €608m block
Koninklijke Philips, the Dutch technology company, has sold a 17% stake in Philips Lighting, the electronics division it spun off in May 2016, for €608m, through a blow-out accelerated bookbuild that was covered in 20 minutes and attracted a large anchor order.
JP Morgan, Goldman Sachs, Citigroup and ING were bookrunners. All four banks were involved in Philips Lighting’s €862m IPO in May 2016.The deal was launched shortly after the close, without price guidance. The leads had not conducted any wallcrossing, a banker on the deal said. The block ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org