Shares in Osram fell more than 6 percent on Thursday after a German magazine rep...
FILE PHOTO: Logo of lamp manufacturer Osram is pictured during official opening of the company 'World of light' showroom in Munich, Germany, October 24, 2017. REUTERS/Michaela Rehle
Osram, which is grappling weakening demand in all of its divisions, said in February that the private equity groups were looking at whether to jointly bid for up to 100 percent of the German group’s shares. “Confidence in the investment and financing case has sunk considerably,” Manager Magazin quoted an investment banker involved in the deal as saying.
Due to the fluctuations in Osram’s business, banks were expected to provide a far smaller loan package which in turn would reduce the return on investment prospects of the private equity groups when they exit, the magazine said, without citing sources.
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