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 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.