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Siemens could sell down stakes in listed companies to fund Altair deal
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Siemens could sell down stakes in listed companies to fund Altair deal
Nov 3, 2024 3:38 PM

ZURICH, Oct 31 (Reuters) - Siemens could sell

off part of its stakes in Siemens Healthineers,

Siemens Energy and Fluence to help fund its

$10.6 billion Altair acquisition, Chief Financial Officer Ralf

Thomas said on Thursday.

Siemens currently holds 75% in medical equipment maker

Siemens Healthineers and 17% in Siemens Energy after exiting the

companies, as well as a 31% stake in energy storage company

Fluence.

"We have substantial financial potential from the sale of

shares and listed entities," Thomas told analysts.

"The specific intent to use the proceeds from selling shares

in listed companies is clearly related to this transaction," he

added, referring to the Altair acquisition.

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