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ABUJA, Nigeria (AP) — The second day of vote counting in Nigeria's bitterly contested presidential vote started late on Tuesday and electoral officials hope to announce later in the day who will govern Africa's richest and biggest nation.
Dutch electronics giant Philips on Tuesday said it was selling a majority stake in its LED and car lighting arm to a consortium led by China and US-based GO Scale Capital investment fund in a deal worth $2.8 bn. The deal is part of Philips' broader streamlining move which will eventually see the 120-year-old company transform into a specialist healthcare-lifestyle manufacturer. "Philips today announced that it has signed an agreement with a consortium led by GO Scale Capital through which they will acquire an 80.1 percent interest in Philips' combined LED components and automotive lighting business," the Amsterdam-based group said.