DGAP-Adhoc: OSRAM Licht AG: Negotiations between OSRAM Licht AG and Continental AG regarding the formation of a joint venture for intelligent lighting solutions in the automotive segment
Released : 07/12/2017 20:12
OSRAM Licht AG: Negotiations between OSRAM Licht AG and Continental AG regarding the formation of a joint venture for intelligent lighting solutions in the automotive segment
| OSRAM Licht AG / Key word(s): Joint Venture
In light of current media reports OSRAM Licht AG clarifies as follows: OSRAM Licht AG has been engaged in negotiations with Continental AG regarding a potential formation of a joint venture for intelligent lighting solutions in the automotive segment. In this context, no agreement on material commercial terms has been reached yet. The concerned OSRAM business with automotive, semiconductor-based light modules is part of its "Specialty Lighting" business unit and generated a revenue of approx. EUR150 million in fiscal year 2016.
Contact: Andreas Spitzauer Head of Investor Relations OSRAM Licht AG Investor Relations Marcel-Breuer-Straße 6 80807 München, Deutschland Tel. +49 89 6213-3030 mailto:a.spitzauer@osram.com www.osram-group.com 12-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | OSRAM Licht AG |
| Marcel-Breuer-Straße 6 | |
| 80807 München | |
| Germany | |
| Phone: | +49 89 6213-0 |
| Fax: | +49 89 6213-3629 |
| E-mail: | ir@osram.com |
| Internet: | www.osram-licht.ag |
| ISIN: | DE000LED4000 |
| WKN: | LED400 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |