Siemens Picks Deutsche Bank, Goldman Sachs, UBS for Osram IPO

Siemens AG picked Deutsche Bank AG, Goldman Sachs Group Inc. and UBS AG as global coordinators for the initial public offering of its Osram GmbH lighting unit later this year.

The selection is “an important foundation for the success of the IPO,” Chief Financial Officer Joe Kaeser said in a statement. The banks were chosen from “a strong group,” and Munich-based Siemens will select more institutions to help with the offering scheduled for fall 2011 later.