BERLIN Oct 6 Chinese chipmaker Sanan
Optoelectronics Co Ltd wants to buy German lighting
company Osram, German magazine Wirtschaftswoche
reported on Thursday, without specifying the source of the
Sanan wants to present a "qualified offer" by mid-October to
acquire Osram, the magazine said, citing unnamed sources
involved in the negotiations.
Sanan, which makes LED products, chips and solar products,
may offer to pay about 70 euros ($78.39) per Osram share,
Wirtschaftswoche said. A full takeover bid would value the
company at about 7.2 billion euros ($8.1 billion).
A spokesman for Osram couldn't immediately be reached for
comment. The Munich-based firm in July sold its lamps unit to a
Chinese consortium for more than 400 million euros.
Germany's Economy Ministry said on Sept. 30 there is a trend
towards targeted Chinese takeovers of German firms and it will
monitor this development.
($1 = 0.8931 euros)
(Reporting by Andreas Cremer; Editing by Richard Pullin)