IDG-backed Chinese group completes buyout of Osram unit for $529m

IDG-backed Chinese group completes buyout of Osram unit for $529m

The logo of lamp manufacturer Osram is pictured at the headquarters in Munich February 26, 2014. REUTERS/Michaela Rehle

IDG Capital along with other Chinese investors have completed the acquisition of Ledvance for $529.3 million (EUR500 million) from Munich-based OSRAM GmbH, a global provider of lighting solutions.

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