OSRAM Licht In Talks With Bain Capital And Carlyle Group

(RTTNews) - OSRAM Licht AG (OSAGF.PK) confirmed market rumors that Bain Capital and Carlyle Group are considering a joint acquisition of up to 100% of the company's shares. OSRAM Licht said the company is currently engaged in detailed discussions with the interested parties.

On February 7, the company reported that the unfavorable developments in the automotive industry, especially in China, as well as within the mobile devices sector impacted Osram in the first quarter of fiscal 2019. Political adversities such as international trade disputes, weakened demand for general lighting and the after-effects of the emission test procedure WLTP also drove customer uncertainty.