osram ditching lamps

Via Reuters:

Germany’s Osram (OSRn.DE) plans to transfer its 2 billion euro ($2.5 billion) general lamps business into an independent legal structure, paving the way for a possible spin-off or sale and allowing it to focus on automotive lighting and components.  The move to separate the declining business representing about 40 percent of its revenue.

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About Brad Koerner

Venture Manager - Luminous Patterns Philips Lighting
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