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Osram Licht AG IPO In Early July 2013-Reuters

Thursday, 2 May 2013 11:14am EDT 

Reuters reported that Siemens AG aims to float its lighting business Osram Licht AG on the stock exchange in early July 2013 , it said, following a short delay due to legal action by a handful of investors. Siemens, which is floating Osram to focus on its most profitable businesses, had planned to spin off 80.5% of the business in the European spring. Siemens said, the fair value of Osram was about EUR3.2 billion ($4.3 billion). 

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