After shelving its plans for an IPO of Osram, its lighting subsidiary, Siemens has confirmed that it will conduct a spinoff of 80.5% of Osram shares. Siemens AG, the industrial conglomerate that owns lighting manufacturer Osram, has ...
Siemens CEO Peter Löscher Siemens has abandoned its plans to float Osram on the stock market in the wake of disappointing financial results and continued economic turmoil. The German conglomerate will instead make Osram independent ...
Tags: IPO, Siemens, Peter Löscher
Siemens AG has delayed the initial public offering(IPO)of its Osram lighting unit following the slump in global stock markets. A statement on the German company's website said it was'firmly holding'to its plans to list the lighting ...
Tags: Siemens, Osram IPO, German, stock markets