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BREAKING NEWS

Philips Lighting unit valued at 3.0 billion euros in IPO

By REUTERS
AMSTERDAM - Philips said on Thursday it has set pricing in the initial public offering of its lighting arm at 20 euros per share.
The offer price implies a market capitalisation of 3.0 billion euros for the division, as a standalone company. Philips Lighting will be the world's largest lighting maker.
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