Germany's Osram sells lamp unit to IDG Capital-backed Chinese group for $439m

Germany's Osram sells lamp unit to IDG Capital-backed Chinese group for $439m

Osram website.

Germany’s Osram has agreed to sell Ledvance, a general lighting lamps business it has carved out, to a Chinese consortium for more than 400 million euros ($439 million).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter