Manufacturers

Siemens shareholders approve Osram spin off

The proposed split of Osram from Siemens was overwhelming approved this week.

Siemens AG said 98% of its shareholders have approved the spin-off of its Osram lighting unit, according to the Reuters News Service.

Siemens shareholders will receive one additional share of Osram for every 10 Siemens shares.

A listing is expected in April at the earliest, the news agency said.

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