Sylvania to be sold to the Chinese

Havells India is to sell an 80% stake in Sylvania to Shanghai Feilo Acoustics Co Limited, a listed company on the Shanghai Stock Exchange. State-owned Inesa is one of Feilo’s key shareholders. The deal puts the equity value of Havells Sylvania at €186 million (US$204.6 million). Havells will receive €148.8 million (US$163.7 million) on the completion of the deal by […]

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