A consortium led by Zhongshan-based lighting company MLS has agreed to pay more than 400 million $439.7 million to buy a subsidiary of Germany’s Osram adding to the record-breaking flow of Chinese capital into the European country.
MLS has joined forces with venture capital firm IDG Capital Partners and financial-backer Yiwu State-Owned Assets Operation Centre to take over Osram’s lamp-making business, Ledvance. It is the latest offshore Chinese MA deal in a year that has already broken all records.
Chinese acquisitions in Germany, in particular, have dwarfed previous years. According to data provider Dealogic, Chinese companies have announced just over $11 billion...
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