Common Contracts
1 similar Domination and Profit and Loss Transfer Agreement contracts
Osram and ams AG sign a Domination and Profit and Loss Transfer AgreementDomination and Profit and Loss Transfer Agreement • September 22nd, 2020
Osram and ams today signed a Domination Agreement from which Osram's remaining minority shareholders can benefit. PwC, the auditors commissioned jointly by the two companies, have completed their valuation report in which they value Osram at EUR 44.65 per share. “The auditors have confirmed the validity of our transformation strategy and the course we have steered through both the slump in the automotive industry and the corona crisis. Our growth story continues and we envisage a significant recovery as early as 2021,” said Osram CEO Olaf Berlien. “We are delighted that our bidding process has enabled us to create substantial value for our shareholders, even under these difficult conditions”. Just five years ago, Osram generated 70 percent of its turnover with traditional products. Today, 70 percent of revenue comes from state-of-the-art semiconductor technologies. The strategy of transformation was the right one and has made the company attractive to numerous bidders. Ultimately, this
