Siemens AG
Siemens Aktiengesellschaft: Siemens plans to sharpen the focus of its portfolio
Siemens Aktiengesellschaft / Key word(s): Strategic Company Decision Munich, May 7, 2019 Disclosure of an inside information according to Article 17 MAR Siemens plans to sharpen the focus of its portfolio As part of measures to clearly sharpen the focus of its portfolio, Siemens plans a carveout of the Gas and Power Operating Company into a separately managed company as well as a spin-off of the new company in connection with a subsequent public listing in order to deconsolidate the new company while keeping significant influence. In conjunction with these measures, Siemens plans to transfer its stake in Siemens Gamesa Renewable Energy S.A. to the new company. Plans call for the public listing of the new company to take place by September 2020. The Supervisory Board of Siemens AG approved the corresponding proposals at a meeting on May 7, 2019. Contact: Sabine Reichel Head of Siemens Investor Relations Werner-von-Siemens-Str. 1 80333 Munich +49 (0) 89-636-32474 investorrelations@siemens.com
07-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Siemens Aktiengesellschaft |
Werner-von-Siemens-Str. 1 | |
80333 München | |
Germany | |
Phone: | +49 (0)89 636-00 |
Fax: | +49 (0)89 636-1332474 |
E-mail: | investorrelations@siemens.com |
Internet: | www.siemens.com |
ISIN: | DE0007236101 |
WKN: | 723610 |
Indices: | DAX, EURO STOXX 50, |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 808203 |
End of Announcement | DGAP News Service |