Another Europe News
Osram shares not so bright – economy
Outside the Frankfurt stock exchange, the bosses of German lighting maker Osram embraced a bull on…
euronews, the most watched news channel in Europe
Subscribe for your daily dose of international news, curated and explained:http://eurone.ws/10ZCK4a
Euronews is available in 13 other languages: http://eurone.ws/17moBCU
http://www.euronews.com/2013/07/08/osram-shares-not-so-bright
Outside the Frankfurt stock exchange, the bosses of German lighting maker Osram embraced a bull on Monday for a photo-op connected with its IPO, but the newly floated shares did not behave bullishly.
Eighty percent of the company is being spun off by its owner, engineering group Siemens.
The shares went on sale in the initial public offering at 24 euros each, but – for mostly technical reasons – slipped slightly when they started trading.
However chief executive Wolfgang Dehen was upbeat: “It’s a great market: the market for LED lights is set to grow 20 percent over the next 10 years, so there’s great potential for us. We’ve been in the LED market for 40 years and we are one of the companies that’s had a lot of influence on the market, and we will continue to do so.”
*’Snapshot’*
Osram’s finance chief Klaus Patzak was also unfazed by the price slide saying: “That is just a snapshot, the share price and the valuation will settle over the coming weeks.”
Monday’s share price decline had been on the cards as mutual funds whose investment guidelines limit them to blue-chip stocks in Germany’s DAX index have to sell their stock.
Osram had said last month in its listing prospectus that the listing could be accompanied by “considerable selling pressure”.
US owners of Siemens shares in the form of American Depositary Receipts (ADRs) are also not be able to keep the Osram shares, because the depositary banks are forced to sell the new shares and give the proceeds to the owners.
*Boost to Siemens*
Siemens’ shares rose as investors saw the shedding of loss-making Osram as a positive .
The world’s second-biggest lighting maker is restructuring, cutting 8,000 jobs by next year and closing 10 out of 43 factories.
Find us on:
Youtube http://bit.ly/zr3upY
Facebook http://www.facebook.com/euronews.fans
Twitter http://twitter.com/euronews
source
Another Europe News
Energy boss Birol urges governments to accelerate global electrification at COP31
Energy boss Birol urges governments to accelerate global electrification at COP31
In an exclusive interview, Fatih Birol urged governments to accelerate the electrification of the global economy, as the COP31 gets underway.
Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live
Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1
Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels
#OnTheRecord
source
Another Europe News
Who is Alice Huang, the alleged Chinese spy linked to Nvidia’s Jensen Huang?
Who is Alice Huang, the alleged Chinese spy linked to Nvidia’s Jensen Huang?
Footage shows Nvidia CEO Jensen Huang alongside Alice Huang, a Chinese businesswoman at the centre of an alleged Chinese intelligence operation targeting him.
READ MORE : http://www.euronews.com/2026/11/09/who-is-alice-huang-the-alleged-chinese-spy-linked-to-nvidias-jensen-huang
Euronews Next is a future-focused news section covering global innovation, science and technology with a European perspective. Our dedicated team of journalists aims to educate and inspire today’s leaders by providing them with analysis and insights into the people and organisations shaping our future
#TechNews
source
Another Europe News
Pennies Lane: Paul McCartney becomes third richest musician in the world
Pennies Lane: Paul McCartney becomes third richest musician in the world
Paul McCartney becomes a billionaire, making him the world’s third-richest musician behind Jay-Z and Taylor Swift.
READ MORE : http://www.euronews.com/2026/11/10/pennies-lane-paul-mccartney-becomes-third-richest-musician-in-the-world
Spark your senses, wake your wonder. Euronews Culture seeks to show creativity in action and inspire our audience to explore the world through the five senses. Start your journey through the best of Europe’s arts, gastronomy, traditions and high-end craftsmanship.
#CultureNews
source
Another Europe News
Czech Republic: Refugee row
Prague is facing an EU legal suit for refusing to accept asylum seekers under the bloc’s system to relieve other member states hit most by immigration…
READ MORE : http://www.euronews.com/2018/02/23/czech-republic-refugee-row
What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd
euronews: the most watched news channel in Europe
Subscribe! http://www.youtube.com/subscription_center?add_user=euronews
euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels
In English:
Website: http://www.euronews.com/news
Facebook: https://www.facebook.com/euronews
Twitter: http://twitter.com/euronews
Google+: http://google.com/+euronews
VKontakte: http://vk.com/en.euronews
source
Another Europe News
Santorini seeks year-round tourism by promoting gastronomy, wine and culture
Santorini seeks year-round tourism by promoting gastronomy, wine and culture
The popular Aegean island, having first regulated cruise tourism, is now implementing a plan to increase winter arrivals by promoting activities beyond the famous sunset over the Caldera.
Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live
Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1
Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels
#TravelNews
source
-
Tech EU News3 years agoeuronews U talk – Education: Balancing costs and benefits of the Bologna process
-
Another Europe News2 years agoVideo: Vigilantes chase, whip women in ‘anti-prostitution’ raid on Peru night club
-
Tech EU News3 years agoBattery power: the hunt for stable renewable energy storage
-
Another Europe News3 years agoG7 summit looks to bolster recovery – economy
-
Tech EU News3 years agoHamas elects Yahya Sinwar as Gaza leader
-
Sports EU1 year ago
🏴 EFL CHAMPIONSHIP STADIUMS 2025/26
-
Sports EU2 years ago
Miedema strikes to get Arsenal back on track ⚡ | Arsenal 1-0 Everton | WSL highlights
-
Sports EU2 years ago
INVINCIBLE. 🏆 | The best of Granit Xhaka for Bayer Leverkusen in 2023/24 🔥
-
Sports EU3 years ago“There’s got to be a clear-out” 😤 | What’s next for Rangers after Celtic defeat?
-
Other EU3 years ago
Carlsberg CEO

You must be logged in to post a comment Login