By Reuters
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FRANKFURT (Reuters) - German lighting group Osram on Tuesday said it had sold its luminaires unit Siteco to the investment arm of strategic consultancy Stern Stewart & Co for an undisclosed sum.
Siteco, which turned a profit and made sales of more than 200 million euros (£179 million) in the last financial year, will not pay dividends to Stern Stewart Capital in the next years, Osram said.
(Reporting by Christoph Steitz, editing by Riham Alkousaa)
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