Deals
Siemens Said to Explore Sale of Osram Stake to China’s GO Scale
- GO Scale may mull bid for all of Osram after buying 17% stake
- Stake said to draw interest from other Chinese, buyout firms
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Siemens AG is considering a sale of its remaining stake in lighting business Osram Licht AG, valued at 866 million euros ($972 million), to potential buyers including Chinese investor GSR GO Scale Capital, according to people familiar with the matter.
A deal for the 17 percent stake in Osram could be announced as early as this month, the people said, asking not to be named as the details aren’t public. GO Scale could use the purchase as a potential first step to increasing its stake further or making a takeover offer for the rest of Osram, which has a market value of about 5.1 billion euros, the people said. No decisions have been made, and GO Scale could still walk away, they said.