Siemens: Osram spin-off listing on July 8th

It is reported that Siemens will divest Osram business, Siemens said in mid-June that its lighting part of the OSRAM spin-off listing plan will be implemented on July 8. By then, Siemens will reduce its holdings to 17%. The initial public offering (IPO) was 3.2 billion euros, equivalent to Siemens divesting 80.5% of OSRAM equity.

When Siemens Osram announced massive layoffs in November last year, it resumed the spin-off plan. In a recent investor briefing, Siemens estimated that by 2016 LED lighting will be 45% of the global lighting market, about 99 billion euros, and its share before 2020 will rise to 66%, about 113 billion euros. market.

According to reports, the value of the company's shares may decline, because some institutional investors will be forced to sell immediately, resulting in Siemens described as "a considerable selling pressure."

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