Siemens Sells Its Stake in Osram
October 23, 2017
Institutional investors have bought Siemens’ 18.155 million ordinary shares in Osram Licht AG for 1.2 billion euros (US$1.4 billion). The shares represent 17.34 % of Osram Licht AG’s issued share capital. Siemens will retain a small number of Osram Licht AG shares.
Osram was created in 1919 throughthe merger of the lighting businesses of Auergesellschaft, Siemens & Halske and Allgemeine Elektrizitäts-Gesellschaft (AEG). In July 2013, Siemens spun off Osram. Osram is a multinational corporation with headquarters in Munich. It employs around 34,000 people around the world, and has operations in over 120 countries.
Siemens AG is active in more than 200 countries, focusing on electrification, automation and digitalization. In fiscal 2016, which ended on September 30, 2016, Siemens generated revenue of €79.6 billion and net income of €5.6 billion. At the end of September 2016, the company had around 351,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
