SANAN plans to jointly acquire 100% equity of Lumileds Holding B.V. from Inari for a transaction price of USD 239 million
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SANAN plans to jointly acquire 100% equity of Lumileds Holding B.V. for USD 239 million in cash with Inari, and jointly invest USD 280 million to establish a joint venture in Hong Kong. Upon completion of the transaction, SANAN will indirectly hold 74.5% equity of Lumileds. The target company focuses on the production and sales of mid-to-high-end LED products, and the acquisition will enhance its global supply chain layout
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