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Siemens to spin off 80.5 pct of Osram
November 28, 2012 / 3:10 PM / 5 years ago

Siemens to spin off 80.5 pct of Osram

FRANKFURT, Nov 28 (Reuters) - Siemens AG said on Wednesday it would give 80.5 percent of its lighting unit Osram to its shareholders in a spin-off planned for the European spring.

Shareholders will receive one Osram share for every 10 Siemens shares they hold, the German engineering conglomerate said following a meeting of its supervisory board. (Reporting by Maria Sheahan)

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