--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)
Copyright (c) 2024 Dow Jones & Company, Inc.
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