Deals
China’s Sanan Says It Held Talks With Osram on Possible Purchase
- Filing says Sanan met with German lighting company once
- An acquisition would add to record Chinese overseas purchases
This article is for subscribers only.
Lighting maker Sanan Optoelectronics Co. Ltd. said it has held talks with Germany’s Osram Licht AG about a possible acquisition, raising the possibility of a deal that would add to what’s already a record year for Chinese purchases overseas.
Sanan had an “initial communication” with Osram on a potential acquisition or cooperation and met Osram once, according to a statement Monday from the Chinese company to the Shanghai Stock Exchange. Sanan didn’t provide details about the status of the talks, saying that none occurred on details including price and no binding documents have been signed.