OSRAM is looking for buyers of mainland enterprises for its lighting business candidates?

[LED] China network Reuters reported before the German OSRAM lighting group (OSRAM) has started its lighting business (lamps business) of the potential buyers to negotiate.

OSRAM said it has commissioned a joint bank of Switzerland (UBS) for its selection of the best buyers. Analysts said the value of the OSRAM lamp business up to 1 billion euros (equivalent to about RMB 6 billion 893 million yuan), including debt.

Sources said, OSRAM lighting division will be split into an independent company, the official sale plan may start this year. They said that since April, OSRAM has informal talks with several potential buyers, including Chinese counterparts.

The main candidate may include FSL, Zhejiang Yankon and NVC group and a number of listed companies.

Peter, an analyst at Jefferies, a Wall Street based investment bank, said that the biggest attraction for Asian buyers is the right to use the OSRAM brand and the Reilly brand (Sylvania). He said: "for Asian manufacturers, rather than hitting the foundation in the European market, it would be better to buy a strong brand. For Chinese manufacturers, this is a golden opportunity. "

In addition, some participated in this year's PHILPS lighting device business auction private equity groups, such as CVC, KKR and Bain capital, is also expected to be interested in OSRAM's lighting business.

At present, Yankon and NVC declined to comment, FSL representatives did not immediately comment on the matter. (Chinese LED net Flora)

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