OSRAM approved total sales of 400 million euros of lighting business to China

Reference News Network reported on February 1st, OSRAM in China to sell its lighting sector on the progress made. German Ministry of Finance issued the so-called no doubt proof.

According to the German Der Spiegel website reported on January 30th, the Ministry of economic affairs, said a spokesman for the audit found no evidence that the acquisition of the German public order or security threats.

Reported that OSRAM plans to lighting business with its Landes Vance named after more than a China consortium of 400 million euros sold to Limited by Share Ltd headed by rawlinson. OSRAM hopes to complete the acquisition negotiations in the fiscal year ended September.

Through this deal, OSRAM will not only with its largest business sector (about 2 billion euros last year, turnover and has a staff of 12 thousand and 500), will also be separated from the end customer business. In the future, OSRAM will focus on LED technology and lucrative automotive professional lighting, rather than the traditional bulbs and halogen lamp business.

Reported that the German government to revoke the approval of Chinese investors to buy German professional mechanical equipment manufacturer Ace company, Landes Vance acquisition was approved by the government is no longer deterministic. U.S. authorities are also on the grounds of security to prevent the acquisition of Ace strong Chinese companies.

The United States Foreign Investment Committee in the United States has the right to prohibit the sale of a foreign legal person to the United States by acquiring a company that owns a branch in the United states.

Therefore, the planned acquisition of OSRAM must also be approved by U.S. regulators. OSRAM hopes to prevent the company from being bought by the Chinese, saying OSRAM has an important military research program in the United states.

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