Osram deal to get green light soon

Countries related to sale already OK'd transaction

China will give the green light soon to a Chinese consortium's acquisition of an LED lighting unit of Osram Licht AG, after the German company gained approval from the anti-monopoly authorities in all other related countries, experts said on Monday.

The comments came after the Committee of Foreign Investment in the United States, a multiagency panel chaired by the Treasury Department, approved the 400-million-euro ($425.6 million) purchase of the German group's LED lighting unit, also known as LEDVANCE, by Chinese buyers last week.