BERLIN Oct 10 The German government has no
comment on reports of a Chinese takeover bid for lighting
company Osram, an economy ministry spokesman said on
Monday, but stressed it wanted to ensure conditions for
competition were fair.
"We have taken notes of the reports. However, this is a
company issue and we can't comment further," Andreas Audretsch
told a regular government news conference in Berlin.
He added that Germany is an open economy and welcomes
investment by foreign companies, but said the government was
keen to ensure that competition with other countries was also on
a level playing field.
"We don't want protectionism but we want fair conditions for
competition," Audretsch said.
German magazine WirtschaftsWoche reported that Chinese
chipmaker Sanan Optoelectronics Co Ltd wants to buy
lighting company Osram, the latest German technology
firm to attract Chinese bidders.
(Reporting by Paul Carrel; Writing by Caroline Copley; Editing
by Joseph Nasr)