MLS now sole owner of Ledvance

As we have already reported several times, Osram has sold its lamp division (now Ledvance) to a consortium..........

from China for over EUR 400 m. The buyer was and is a Chinese consortium consisting of the lighting company MLS and the two financial investors IDG Capital Partners (IDG) and Yiwu State Owned Assets Operations Center (Yiwu).

MLS has now fully taken over the company shares from the previous two partners and is thus the sole owner of Ledvance. At the same time, it was agreed that IDG and Yiwu will become shareholders of MSL through a joint investment.

The change of ownership has no effect on the legal form of Ledvance as a German GmbH. The headquarters of the company remain, as before, in Garching.