German government for the acquisition of LEDVANCE case issued without proof of harm"

The German government, before arresting Chinese acquisition of lighting giant OSRAM (OSRAM) lighting industry's "LEDVANCE", decided to restart the program assessment review. After more than three months of review process, the German government's attitude seems to be slightly softened, the case of the acquisition of LEDVANCE issued a "no harm proof" to be released for the transaction.

Two years ago, OSRAM split its general lighting business unit, and the "LEDVANCE" is the name of the company to sell after independence, in July 2016 announced 400 million euros to the amount of the transaction, sold to Mu Linsen, Chinese LED package China Dachang investment firm IDG capital strategy, Yiwu state owned capital operation center three party joint investment team. Originally the case is expected to complete the transaction in the 2017 fiscal year, but was blocked by the German government, adding variables for the transaction.

OSRAM also announced last year LEDVANCE will be sold to United Chinese MLS team, after the German government was arresting (source: OSRAM)

Due to the recent acquisition of Chinese technology companies in Germany, the acquisition of the acquisition, causing the German government is highly vigilant, and to endanger national security and the cause of the outflow of high-tech technology, to prevent the acquisition of a number of Chinese acquisitions. A OSRAM spokesman said recently, the German government has issued to the Chinese bid for LEDVANCE licenses means in the review process, without any possible harm German national security and public order evidence.

However, the LEDVANCE deal has the permit does not guarantee a successful acquisition of Chinese M.L.S. LEDVANCE. The German semiconductor equipment maker Ace acquisition as an example, the original Chinese Fujian hongsin Investment Fund (FCG) has been the German government approved the deal, after it was blocked, the German government and revocation of Chinese acquisition license, eventually led to the acquisition fell through.

According to the "Reuters" (Reuters) reported that the sale of LEDVANCE to the Committee on foreign investment in the United States (Committtee on Foreign Investment in the United States, CFIUS) and Chinese authorities approved, Linsen funded the success of the acquisition of LEDVANCE, still need further information to confirm the results.

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