Osram Licht AG, Munich, Germany, completed its path to independence as former owner Siemens AG this morning announced that it had sold off its remaining stake of 18.1 million shares for €1.2 billion ($1.4 billion). Sale of the stake, representing 17.3% of Osram shares, went to institutional investors, Siemens said in a press release. The move puts an end to speculation that a strategic investor might buy
Siemens Sells Remaining Osram Stake
The move puts an end to speculation that a strategic investor might buy Siemens’ stake as a platform to pursue ownership of Osram outright.