Categories: Stock Market News

Siemens reviewing Healthineers majority stake, CFO tells Handelsblatt


MUNICH (Reuters) – Siemens AG (OTC:SIEGY) is reviewing its majority stake in medical know-how subsidiary Siemens (ETR:SIEGn) Healthineers,, the German know-how group’s Chief Monetary Officer Ralf Thomas informed the Handelsblatt newspaper.

The synergies with the producer of MRI machines and laboratory techniques usually are not nice sufficient to justify a capital dedication of 45 billion euros ($46.91 billion), Thomas informed Handelsblatt, referring to how a lot Siemens’ 75% fairness stake is price.

“We’re evaluating the financial alternatives for Siemens AG within the healthcare sector. We’ll then derive from this how instrumental Healthineers is as an funding. After which we are going to draw a conclusion from that,” he mentioned, including that the outcomes shall be introduced at a capital markets day on the finish of 2025.

Siemens AG spun off the Erlangen, Germany-based subsidiary in 2018 and floated it on the inventory change. Till now, Siemens had maintained it will preserve the bulk stake in Siemens Healthineers.

Nevertheless, Thomas not too long ago held out the prospect of promoting round 5% within the foreseeable future to finance the takeover of U.S. software program firm Altair.

Thomas mentioned he remained dedicated to the Mobility prepare division, which buyers have repeatedly referred to as to be spun off.

“The enterprise is in good arms with us. I do not see any want for us to half with it in the intervening time,” he informed Handelsblatt.

($1 = 0.9592 euros)

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