China’s MLS Said to Be Lead Bidder for Osram Lighting Business - Energy Watch News


China’s MLS Said to Be Lead Bidder for Osram Lighting Business

Osram may choose a winner for the asset as soon as this month. The Chinese firm (Forest Lighting in USA) may pay less than 500 million euros ($558 million) for the investment. Osram is selling the general lamps business, which generates about 36 percent or 2 billion euros ($2.2 billion) of the Munich-based company’s annual sales, to focus on research and development, products for the automotive industry and lighting solutions for buildings and cities. http://www.bloomberg.com/news/articles/2016-07-14/china-s-mls-said-to-be-lead-bidder-for-osram-lighting-unit

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