Chinese M&A is frequently blocked and domestic buyers have cooled their interest in Osram

Reuters reported on the morning of 14th, Beijing time, according to people familiar with the matter, Chinese buyers’ interest in the acquisition of German veteran lighting giant Osram has cooled as more and more signs indicate that Chinese capital is facing political resistance in Germany.

Sources said that Chinese chip maker Sanan Optoelectronics and private equity firm GSR GO Scale Capital Advisor have stopped seeking a full acquisition of OSRAM. One of the sources said: "The opposition of the labor representatives and politicians has left a deep impression on the Chinese."

The Chinese plan to acquire Osram has been opposed by IG Metall, Germany's largest trade union. According to people familiar with the matter, the deal may also face political resistance. The German government has already announced the withdrawal of approval of Aixtron, a Chinese chipmaker, and decided to reassess the deal.

In addition, Chinese acquisition of Osram may face resistance from the US. Earlier this year, Jinshajiang Capital acquired the Lumileds, a LED lighting division of Philips, which was aborted due to opposition from the US Foreign Investment Committee (CFIUS).

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