AMS increases to more than 63 percent at Osram


The sensor specialist is expanding its stake in the lighting group Osram. This brings AMS closer to the desired domination agreement with Osram.

Munich The Austrian sensor specialist AMS is getting closer to the desired control agreement with Osram. The major shareholder increased its stake in the Munich lighting group from 20.1 to 23.4 percent, as AMS announced on Friday evening. Together with the shares offered by the Osram shareholders, the company from Premstätten in Styria now has a good 63 percent.

AMS cannot currently buy any more shares because the approval of some antitrust authorities is pending for the transaction. AMS had recently given the green light from the United States and Turkey. In most countries there is a participation threshold of 25 percent, above which the competition guardians intervene.

AMS plans to enter into a domination and profit transfer agreement that would give the company access to Osram’s cash. This requires a majority of 75 percent at an Osram general meeting. Since not all shareholders usually appear and vote there, according to experts, a participation of 65 percent could be enough to get the necessary majority.