BERLIN, Oct 4 (Reuters) - German engineering firm Siemens has decided to sell its 17 percent stake in lighting group Osram Licht to institutional investors.
Siemens said in a statement on Wednesday that the net proceeds from the sale will be used for general corporate purposes and added it would retain a small number of Osram shares to service a Siemens bond plus warrant issue due 2019.
There has been repeated speculation about a possible takeover of Osram, including by Chinese investors.
Osram is a market leader in automotive lighting, and is developing new products including smart LED headlights and special laser diodes needed for sensor systems in self-driving cars.
Reporting by Emma Thomasson; editing by Alexander Smith