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Osram CFO doesn't expect Trump to hamper Lamps sale -CNBC
February 8, 2017 / 7:13 AM / 10 months ago

Osram CFO doesn't expect Trump to hamper Lamps sale -CNBC

FRANKFURT, Feb 8 (Reuters) - German lighting group Osram is confident the sale of its traditional Lamps business to a consortium of Chinese buyers will go through as planned this year, Chief Financial Officer Ingo Bank told CNBC television on Wednesday.

The 400 million-euro ($427 million) deal is still awaiting approval from the U.S. Committee on Foreign Investment in the United States (CFIUS) - which blocked Philips’ planned sale of its lighting-components unit to Asian buyers last year.

Asked whether he feared the new U.S. administration of Donald Trump, with its protectionist policies, may complicate the planned sale, Bank said: “We have no indication that that will be the case.”

“We still strongly believe this deal will go through.” ($1 = 0.9377 euros) (Reporting by Georgina Prodhan; Editing by Harro ten Wolde)

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