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Chinese consortium acquires Osram’s business unit Lamps for more than €400 million.
July 27, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
The Supervisory Board of OSRAM Licht AG approved the sale of the general lighting lamps business. The buyer of the business known as Ledvance is a Chinese consortium consisting of the strategic investor IDG Capital Partners (IDG), the Chinese lighting company MLS Co., Ltd. (MLS) and the financial investor Yiwu State-Owned Assets Operation Center (Yiwu). The purchase price amounts to more than €400 million. Osram will additionally receive payments for license agreements of trademark rights. ...
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