UPDATE 3-Siemens aims for 30% stake in Siemens Energy after spin-off -sources [Reuters]
SIEMENS AG SPONS ADR (SIEGY)
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Source: Reuters
UPDATE 3-Siemens aims for 30% stake in Siemens Energy after spin-off -sources (Adds Siemens comment) By Arno Schuetze and Alexander H?bner MUNICH/FRANKFURT, March 9 (Reuters) - Siemens aims to keep a minority position in turbines maker Siemens Energy, which the German industrial conglomerate is spinning off later this year as it continues with a corporate restructuring, people close to the matter said. Siemens has been divesting its businesses one by one, avoiding the attention of activist investors who have sought the break up of other industrial giants such as Switzerland’s ABB and Germany’s ThyssenKrupp. Shares of such companies which operate across several different sectors often trade at a discount because th
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