Chinese Bidders Walk Away from Osram Takeover - Energy Watch News

Chinese Bidders Walk Away from Osram Takeover

Chinese interest in a takeover of lighting group Osram Licht AG has cooled amid signs of mounting political opposition to Chinese acquisitions in Germany. Sanan Optoelectronics and venture capital firm GSR Go Scale Capital Advisors have stopped pursuing a bid for the whole company. A Chinese takeover of Osram, which has a market capitalisation of about $5.3 billion, had already run into opposition from the IG Metall trade union. The collapse of the Aixtron deal comes amid growing objections in Germany and the United States to China buying up firms with strategic technologies abroad without allowing reciprocal transactions at home. Osram is shifting its focus from light bulbs to lighting technology, investing in chips for LED lights and making it a potential target for chipmakers such as Sanan. Another source familiar with the matter said the Chinese buyers may settle for a stake of less than 25 percent in Osram.

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