Osram gets German approval for $425m Lamps unit sale to Chinese bidders

Osram gets German approval for $425m Lamps unit sale to Chinese bidders

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

Lighting group Osram has received approval from the German government for the 400 million euro ($425 million) sale of its Lamps unit to a consortium of Chinese bidders, a spokesman said on Monday.

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