Osram in talks with potential buyers of lamps unit -sources

NVC International Holdings

30/06/2015 16:32

By Arno Schuetze 
    FRANKFURT, June 30 (Reuters) - German lighting group Osram 
 OSRn.DE  has started talking to potential buyers of its lamps 
business as it prepares an auction process that would allow it 
to focus on automotive lighting and components, people familiar 
with the matter said. 
    Osram has mandated UBS  UBSG.VX  to help it chose the best 
option for the business, estimated to be worth up to a maximum 
of 1 billion euros ($1.1 billion) including debt, the people 
said. The company confirmed it had hired UBS for the task.   
    The lamps business is currently being carved out, and the 
people said an official sales process may launch later this 
year.  
    They added that Osram had been in informal talks with 
potential buyers since announcing the carve-out in April, 
including peers in China, who are seen as likely to be 
particularly interested in Osram's European and North American 
sales channels and brands.  ID:nL5N0XQ2H5  
     
 
($1 = 0.8954 euros) 
 
 (Reporting by Arno Schuetze; Additional reporting by Georgina 
Prodhan and Deena Yao; Editing by Ludwig Burger) 
 ((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters 
Messaging: arno.schuetze.reuters.com@reuters.net)) 
 
Keywords: OSRAM LICHT LAMPS/SALE