Europe in fear again: Chinese takeover of Osram's unit haltedStaff Writer | October 29, 2016
The German government has turned down a Chinese request for approval of a takeover of Osram's light bulbs unit Ledvance pending a review of the deal, WirtschaftsWoche reported.
Acquisition Osram is switching focus to lighting technology
The group agreed earlier this year to sell Ledvance to a group of Chinese buyers, including lighting company MLS (002745.SZ), for more than 400 million euros ($437 million).
WirtschaftsWoche said Berlin would review the planned acquisition, meaning it could be months until there is clarity over whether the deal will go through. ■