MUNICH (GERMANY), 13 Jun. (EUROPA PRESS) -
The German engineering and energy group Siemens intends that the shares of its lighting subsidiary, Osram, of which it has authorized the IPO of up to 80.5 percent of its share capital, begin trading on July 8, according to a presentation published by the multinational.
In this regard, the German company will carry out a 'roadshow' from June 24 until the beginning of July. Recently, Siemens indicated that the prospectus of Osram's IPO transaction will be published in the second half of June.
Siemens' annual shareholder meeting in January overwhelmingly approved Osram's spin-off, of which the company aims to list 80.5 percent, with an overwhelming majority of 98 percent.
Siemens announced in March 2011 its plans to list Osram on the autumn of that same year, although the company subsequently decided to postpone the operation due to the high volatility that the capital markets were then going through.
