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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Foshan Electrical and Lighting Co.,Ltd    000541   CNE000000DN3

FOSHAN ELECTRICAL AND LIGHTING CO.,LTD

(000541)
  Report
End-of-day quote. End-of-day quote SHENZHEN STOCK EXCHANGE - 01/22
6.76 CNY   +2.89%
01/08FOSHAN ELECTRICAL AND LIGHTING : Buys Back Shares
MT
2017FOSHAN ELECTRICAL AND LIGHTING CO., LTD. : Annual Report
CO
2016Philips, Osram lighting bidders to line up this month - sources
RE
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Philips, Osram lighting bidders to line up this month - sources

01/08/2016 | 12:24pm EST

FRANKFURT (Reuters) - Companies interested in lighting assets will be able to bid for top European brands Philips (>> PHILIPS) and Osram (>> Osram Licht AG) in two separate auctions starting this month, industry sources on Friday.

FRANKFURT (Reuters) - Companies interested in lighting assets will be able to bid for top European brands Philips (>> PHILIPS) and Osram (>> Osram Licht AG) in two separate auctions starting this month, industry sources on Friday.

Dutch technology group Philips (>> PHILIPS) has put its entire lighting arm on the block as the group focuses on its healthcare systems business.

While Philips has not yet decided whether to list the lighting business on the stock exchange or outright sell it, it has asked for tentative bids for the unit, which may be valued at roughly 4-6 billion euros ($4.36-6.53 bln) by the end of January, people familiar with the deal said.

A consortium comprising buyout groups KKR (>> KKR & Co. L.P.), CVC and Onex (>> ONEX Corporation) is expected to make an offer for the business, as well as peers like Bain, Apollo (>> Apollo Global Management LLC), Blackstone (>> Blackstone Group LP) and Chinese bidders, they said, adding that U.S.-based Acuity (>> Acuity Brands, Inc.) may show interest in parts of the unit.   

Separately, Philips last year agreed to sell its smaller Lumileds unit to Chinese investors in March. But doubts arose over the deal in October after a U.S. government body raised objections.

Now, Philips may have found a way to close that deal, a person familiar with the matter said.

A Philips spokesman said discussions with U.S. authorities are ongoing, and the closing of the deal is uncertain, declining to comment further on the two sales processes.

Separately, German peer Osram (>> Osram Licht AG) has asked for tentative bids for its traditional lamps business next week. Chinese buyers have expressed interest in the strong brands and distribution channels.

Bidders are likely offer to value the business at roughly 500 million euros ($545 million), the sources said. Chinese LED products maker MLS (>> MLS Co Ltd) is expected to make an offer, sources familiar with the deal said, as well as a consortium comprising Chinese group Foshan (>> Foshan Electrical and Lighting Co., Ltd.) and buyout group Bain.

Shanghai Feilo Acoustics (>> Shanghai Feilo Acoustics Co., Ltd), which said in July it already had made a non-binding offer, is no longer pursuing the asset, the sources added.

"The sales process is ongoing," an Osram spokesman said. The prospective bidders for Philips and Osram lamps businesses declined to comment or were not immediately available for comment.

(Reporting by Arno Schuetze; Additional reporting by Toby Sterling, Freya Berry, Matthew Miller and Jens Hack; Editing by Harro Ten Wolde and Katharine Houreld)


© Reuters 2016
Stocks mentioned in the article
ChangeLast1st jan.
ACUITY BRANDS 0.52% 122.89 Delayed Quote.1.49%
AMS AG 1.45% 21.7 Delayed Quote.12.09%
FOSHAN ELECTRICAL AND LIGHTING CO.,LTD 2.89% 6.76 End-of-day quote.9.03%
KONINKLIJKE PHILIPS N.V. 0.47% 45.635 Real-time Quote.4.24%
MLS CO., LTD 0.25% 16.15 End-of-day quote.10.69%
ONE STOP SYSTEMS, INC. -1.23% 4 Delayed Quote.0.00%
ONEX CORPORATION -1.19% 69.55 Delayed Quote.-4.80%
OSRAM LICHT AG -0.61% 52 Delayed Quote.-0.08%
SHANGHAI A INDEX -0.40% 3780.6646 Real-time Quote.3.85%
SHANGHAI FEILO ACOUSTICS CO., LTD -0.58% 3.43 End-of-day quote.0.00%
All news about FOSHAN ELECTRICAL AND LIGHTING CO.,LTD
01/08FOSHAN ELECTRICAL AND LIGHTING : Buys Back Shares
MT
2017FOSHAN ELECTRICAL AND LIGHTING CO., : Annual Report
CO
2016Philips, Osram lighting bidders to line up this month - sources
RE
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Financials
Sales 2019 3 338 M 515 M 515 M
Net income 2019 301 M 46,5 M 46,5 M
Net cash 2019 1 958 M 302 M 302 M
P/E ratio 2019 22,8x
Yield 2019 3,78%
Capitalization 8 175 M 1 261 M 1 261 M
EV / Sales 2018 1,27x
EV / Sales 2019 1,24x
Nbr of Employees 7 541
Free-Float 56,2%
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NameTitle
Xing Ming Liu General Manager & Director
Yong He Chairman
Jinkun Li Chairman-Supervisory Board
Qiong Lan Tang Chief Financial Officer
Zheng Hong Ye Member-Supervisory Board
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