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Speculation about a possible takeover of Osram by financial investors has resulted in a sharp rise from the German lighting technology group. The Bloomberg news agency reported, citing people familiar with the situation, that the investment company Bain Capital was considering a bid for the former Siemens subsidiary.
Other private equity firms reportedly monitored Osram. Credit Suisse badysts have referred to statements by CEO Olaf Berlien, who wanted a major shareholder in September, "a leader who accompanies us longer".
"A takeover by private equity would of course be something completely different, but we would not be surprised to learn that Osram has approached big potential investors," said the study. . The former mother Siemens finally pulled out last year and sold her remaining 17%.
Osram's latest down title climbed 20 percent to 40.40 euros after the announcement of the message. That's well ten euros more than the lowest price of the title, but only half of the twelve-month high, or 79.58 euros, which had hit the newspaper earlier this year. In total, the company represents 3.9 billion euros on the stock market.
Osram would not comment on the report. Two years ago, the Munich-based company attracted the interest of two Chinese bidders: Sanan Optoelectronics and Go Scale. Both, however, withdrew after, among other things, the company committee announced its resistance.
This year, Osram has issued two profit warnings and is still under reconstruction. Operating profit (Ebitda) was contracted by 13% to 605 million euros for the 2017/18 financial year (as of September 30th), net income having decreased by nearly half for the year ended September 30th. Set at 142 million euros. One of the reasons is the weakening demand from the auto industry, itself struggling with sales problems. Sales rose 2% to € 4.1 billion, taking into account sales and purchases. For the new fiscal year, Osram expects a sales increase of 3% maximum and decreasing operating profitability.
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