Siemens Plans €5.8B Osram IPO

German industrial conglomerate, Siemens, is planning to list its lighting division, Osram.

German industrial conglomerate, Siemens, is planning to list its lighting division, Osram, The Wall Street Journal reports. Osram, which is valued at nearly €5.8 billion, will be part of a new operating unit, Infrastructure & Cities, until the initial public offering. Siemens aims to keep a minority stake in Osram. Infrastructure & Cities will consist of selected businesses from Siemens’ Industry and Energy sectors and headed by Roland Busch, currently the company’s head of strategy.

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