Philips Separation of Lighting Business to Cost $200-$300M Euros

Philips, which predicts to complete the separation of the lighting business in the first half of 2016, said Monday it now expects the move to cost 200 million to 300 million euros in 2015 and the same amount in 2016. The company previously predicted the separation costs would amount to 300 to 400 million in 2015, without giving an estimate for 2016.

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