The German government has turned down a Chinese request for approval of a takeover of Osram’s (OSRn.DE) light bulbs unit Ledvance pending a review
of the deal, German magazine WirtschaftsWoche reported on Thursday, citing financial sources.
Shares in Osram extended losses to 4 percent following the report and closed down 2.3 percent, one of the day’s biggest decliners in the German midcap index .MDAXI, which closed unchanged.