Osram gets US nod for lamps unit sale to Chinese group

Osram gets US nod for lamps unit sale to Chinese group

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

German lighting group Osram has received approval from a U.S. agency for the 400 million euro ($425.52 million) sale of its LEDvance lamps unit to a consortium of Chinese bidders, a spokesman said, bringing the deal closer to completion.

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