FRANKFURT (Reuters) - German lighting group Osram on Tuesday said it had sold its luminaires unit Siteco to the investment arm of strategic consultancy Stern Stewart & Co for an undisclosed sum.
Siteco, which turned a profit and made sales of more than 200 million euros (£179 million) in the last financial year, will not pay dividends to Stern Stewart Capital in the next years, Osram said.
(Reporting by Christoph Steitz, editing by Riham Alkousaa)
| 1st Jan change | Capi. | |
|---|---|---|
| +5.99% | 1.24B | |
| -8.70% | 1.19B | |
| -17.59% | 1.04B | |
| -19.44% | 990M | |
| +5.68% | 895M | |
| -6.73% | 575M | |
| -34.43% | 575M | |
| -17.95% | 502M | |
| -24.96% | 378M |
OSRAM LICHT AG 
