financetom
Business
financetom
/
Business
/
Siemens reviewing Healthineers majority stake, CFO tells Handelsblatt
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Siemens reviewing Healthineers majority stake, CFO tells Handelsblatt
Dec 29, 2024 3:01 PM

MUNICH, Dec 29 (Reuters) - Siemens AG is

reviewing its majority stake in medical technology subsidiary

Siemens Healthineers,, the German technology group's

Chief Financial Officer Ralf Thomas told the Handelsblatt

newspaper.

The synergies with the manufacturer of MRI machines and

laboratory systems are not great enough to justify a capital

commitment of 45 billion euros ($46.91 billion), Thomas told

Handelsblatt, referring to how much Siemens' 75% equity stake is

worth.

"We are evaluating the economic opportunities for Siemens AG

in the healthcare sector. We will then derive from this how

instrumental Healthineers is as an investment. And then we will

draw a conclusion from that," he said, adding that the results

will be presented at a capital markets day at the end of 2025.

Siemens AG spun off the Erlangen, Germany-based subsidiary

in 2018 and floated it on the stock exchange. Until now, Siemens

had maintained it would keep the majority stake in Siemens

Healthineers.

However, Thomas recently held out the prospect of selling

around 5% in the foreseeable future to finance the takeover of

U.S. software company Altair.

Thomas said he remained committed to the Mobility train

division, which investors have repeatedly called to be spun off.

"The business is in good hands with us. I don't see any need

for us to part with it at the moment," he told Handelsblatt.

($1 = 0.9592 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved