Siemens to Keep 45% Stake in Siemens Energy After Spin-Off -Reuters
26 May 2020 - 5:34PM
Dow Jones News
--Siemens AG will keep a stake of 45% in its energy business,
which the German engineering company plans to spin off this year,
Reuters reported Monday mentioning two sources close to the
matter.
--The company plans to hold 35.1% of Siemens Energy shares
directly, with the remainder controlled by its pension unit,
according to Reuters.
--Siemens may cut part of its holding in the business within 12
to 18 months, Reuters reported.
Full story: https://reut.rs/3gmvCMx
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(END) Dow Jones Newswires
May 26, 2020 03:19 ET (07:19 GMT)
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