Siemens Likely to Share Details of Siemens Energy Divestment in November
May 17 2023 - 7:10AM
Dow Jones News
By Pierre Bertrand
Siemens said Wednesday that it will "most likely" share details
on how it will divest its shareholding in Siemens Energy in
November.
The German industrial company intends to fully divest its
shareholding in Siemens Energy in the long term, but it isn't in a
hurry to do so, Chief Financial Officer Ralf Thomas told reporters
following second-quarter results.
"It's hard to imagine that from today's perspective we could
predict how and when exactly which portion of our shareholding is
going to be divested," Thomas said.
The divestment will take time and there is joint interest in
ensuring the process progresses smoothly, he said.
Siemens holds a 31.9% stake in Siemens Energy, a spokesman said
when approached by Dow Jones Newswires.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
May 17, 2023 06:55 ET (10:55 GMT)
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