Lighting group Osram will pursue takeovers and alliances once it is spun out of German conglomerate Siemens (SIEGn.DE) in an initial public offering (IPO) late this year. Osram, the world's No. 2 lighting company after industry leader Philips (PHG.AS), will be listed as part of a revamp of Siemens, Europe's biggest engineering company. [ID:nLDE72Q099] "There will be a lot of opportunities for collaboration with other companies," Siemens chief executive Peter Loescher told Reuters Insider television on Tuesday.
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