Foreign media transmission PHILPS lighting device business bidding $2 billion 600 million crystal energy to participate?

According to the Reuters reported on March 15th, two sources familiar with the situation revealed that the Asian consortium beyond all expectations of joining PHILPS lighting devices tendering, the business valuation of about 2 billion 500 million euros ($2 billion 600 million).

LED, a Chinese firm, has expressed interest in the partnership with Ventures, an investment company, GSR, and Temasek, Singapore's national fund. They submitted the offer at the last minute, one of the sources said. He also added that the price should be competitive, or the possibility of winning the auction stage will be very low.

In this regard, the LEDinside editor to further verify the discovery, crystal energy CEO Wang Min said, I have seen the report, and now we can not determine the acquisition. But the offer is true, Wang Min said, it is not convenient to disclose, there are results I will tell you".

"It seems that the Chinese have joined the competition, but it is not clear how much they are going to win," another source said.

PHILPS consulting company Morgan Stanley plans early next week and one of the bidders entered exclusive talks to complete the Holland Electronics Group launched a year ago, PHILPS lamp lumens with integrate into a separate company business strategy.

Informed sources have said that the consortium composed of private Holdings Company CVC and KKR, the highest bid in the bid for PHILPS lighting components business, but the rival Bain Bain (Capital) is still likely to raise the price.

PHILPS spokesman, CVC, KKR and Bain Capital (BainCapital) declined to comment, the same crystal can photoelectric, GSR, Temasek and Morgan Stanley and other business representatives did not immediately comment.

Crystal energy photoelectric last year by the Asia Pacific Resources Development Investment Company (Asia Pacific Resources Development) led the $80 million financing. In addition, it is understood that in the early days of crystal energy associated with PHILPS, PHILPS executives appointed last year, James Haworth is responsible for its U.S. operations. (compile /LEDinside Nicole)

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