The transaction would create a subsidiary with about 400 billion euros in assets under management.
The deal values the company, which distributes gas in Madrid, at roughly 1.25 billion euros ($1.34 billion).
Osram's declining lamp business has been outcompeted by Asian LED digital light makers.
Iglo is Europe's biggest frozen foods business and the company behind the Birds Eye brand.
Iceland is now a world leader in geothermal energy, which produces about 70% of the country’s energy consumption.Europe,Geothermal energy,Iceland,Michael Lerner
It will be able to better compete globally against larger rivals including Ericsson and Huawei.
The bid is an attmept to break up the reinsurer’s planned merger with Axis Capital Holdings.
The whole deal was worth a total of about 400 million euros when considering Lasko's debt.
Still unclear is whether Athens can satisfy creditors on economic reforms before it runs out of money.
CEO: "Around half of this will go into expanding and building new plants in Mexico."
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