PE Firms Line Up For Royal Philips Electronics N.V.'s Lighting Unit

Nov 12 (Reuters) - Dutch electronics group Philips has attracted bids from several private equity groups for the majority of its lighting components business, up for sale as it focuses on higher-margin activities, several sources said on Wednesday.

Buyout groups including Bain, CVC, CD&R, KKR and Onex handed in indicative offers earlier this week valuing the business at between 2.5 billion euros ($3.1 billion) and 3 billion, the sources said.

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