ecns [expanded by feedex.net]: Philips to split into two

ecns [expanded by feedex.net]

ecns

Philips to split into two
http://www.ecns.cn/business/2014/09-24/135944.shtml
Sep 24th 2014, 04:51





2014-09-24 13:51 Global Times/Agencies


Philips said Tuesday it would split the 120-year-old Dutch giant in two, separating its healthcare-lifestyle division from the historic lighting business in a dramatic streamlining move.


Both companies will continue to use the Philips name, the company said in a statement, noting that its HealthTech business had sales of 15 billion euros ($19 billion) in 2013 and its lighting business sales of 7 billion euros.









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