Biography Samsung Electronics revoked established with OSRAM LED joint venture plans

According to South Korean media reports, Samsung Electronics has been revoked and the founding of the German lighting giant Osram LED joint venture plans, mainly due to the global economic recession, Osram operating structure is too complex.

Samsung, a director, said the company had considered a proposal to set up a joint venture company with Osram, but had to stop at an early stage consultation action. The supervisor said, the Samsung and OSRAM still signed a cross-licensing agreement, and cooperation relations between the two sides will maintain.

The news from the brokerage and electronic industries, a private equity fund company recommends the Samsung and Osram LED joint venture investment in the amount of 40%, and the remaining 20% by the fund company commitments. The plan also recommends the OSRAM joint venture invested cash, assets, Samsung LED assembly department acquired in April to invest.

In order to assess whether to perform the joint venture planning, Samsung was commissioned in early October, South Korea, a large accounting firm of the OSRAM financial analysis review