Released : 07/26/2016 17:31
OSRAM Licht AG / Key word(s): Strategic Company Decision/Disposal 26.07.2016 17:31 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
Munich, 26/07/2016 The Supervisory Board of OSRAM Licht AG (Osram) today approved the sale of the general lighting lamps business ("Ledvance"). The buyer of the business 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 EUR400 million. The transaction is subject to certain closing conditions and regulatory approval by the relevant authorities. The transaction is expected to close in the course of fiscal year 2017 and will presumably result in a high double-digit to low triple-digit million euro pre-tax book loss. Financing of the transaction is fully secured. In connection with the transaction, Osram and MLS entered into a strategic supply agreement, by which MLS intends to purchase an annual order of LED chips from the new plant in Kulim, Malaysia, once production has started.
Information and Explanation of the Issuer to this News: Contact: Boris Tramm Head of Investor Relations OSRAM Licht AG Investor Relations Marcel-Breuer-Straße 6 80807 Munich, Deutschland Tel. +49 89 6213-4686 mailto:firstname.lastname@example.org www.osram.com 26.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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: email@example.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; Terminbörse EUREX End of Announcement DGAP News-Service