Siemens Reviewing Reduction in Siemens Healthineers Stake, Handelsblatt Reports

Dow Jones2024-12-30
 

--Siemens is considering reducing its majority stake in Siemens Healthineers by around 5%, Siemens Chief Financial Officer Ralf Thomas says in an interview with newspaper Handelsblatt.

--The German technology company holds 75% of Siemens Healthineers, which makes medical technology, and could consider lowering it to around 70% in part to help finance its takeover of software specialist Altair, Handelsblatt reports.

--The synergies between the German companies aren't substantial enough to warrant Siemens's capital commitment of 45 billion euros ($46.9 billion) in Siemens Healthineers, according to Thomas's comments.

--Siemens expects to decide on the stake by the time of a capital markets day near the end of 2025, Handelsblatt says.

--Siemens doesn't intend to part with its Mobility train division, Thomas tells the newspaper.

 

Full story (in German): https://shorturl.at/661ML

 

Write to Sarah Sloat at sarah.sloat@wsj.com

 

(END) Dow Jones Newswires

December 30, 2024 05:00 ET (10:00 GMT)

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