AMS shareholder Temasek backs plans for Osram takeover

Reuters
Reuters11/25/2019 12:54 PM GMT+08  • 2 min read
AMS shareholder Temasek backs plans for Osram takeover
BERLIN (Nov 25): Singapore's state investor Temasek, the biggest shareholder in Austria's AMS, backs the sensor maker's planned US$5 billion ($6.8 billion) takeover of German lighting group Osram, the fund's managing director told a magazi
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

BERLIN (Nov 25): Singapore's state investor Temasek, the biggest shareholder in Austria's AMS, backs the sensor maker's planned US$5 billion ($6.8 billion) takeover of German lighting group Osram, the fund's managing director told a magazine on Saturday.

"We think the coming together of AMS with Osram is sensible, especially in the field of opto-electronics," Temasek's Uwe Krueger was quoted as saying by German weekly Euro am Sonntag.

However, he added that he would not get involved in business decisions, a stance he had also made clear to the IG Metall Union, which had asked Temasek to speak out against the plans.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now