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 30, 2024 2:43 PM

MUNICH (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 >
eXp World Names Jesse Hill as Interim Finance Chief
eXp World Names Jesse Hill as Interim Finance Chief
Mar 18, 2025
03:28 AM EDT, 03/18/2025 (MT Newswires) -- eXp World Holdings ( EXPI ) said late Monday it has appointed Jesse Hill as interim chief financial officer, effective April 1. Hill, who currently serves as vice president, will succeed current principal financial officer Kent Cheng, who will serve in an advisory capacity beginning March 31 until Aug. 31. The company said...
CNH Industrial Appoints Cameron Batten as Communications Chief
CNH Industrial Appoints Cameron Batten as Communications Chief
Mar 18, 2025
03:34 AM EDT, 03/18/2025 (MT Newswires) -- CNH Industrial ( CNH ) said late Monday it appointed Cameron Batten as chief communications officer, effective March 31. Batten previously served as chief communications officer at Volkswagen Group of America, the company said. ...
Summit Therapeutics Names Robert LaCaze as Chief Commercial Officer
Summit Therapeutics Names Robert LaCaze as Chief Commercial Officer
Mar 18, 2025
03:29 AM EDT, 03/18/2025 (MT Newswires) -- Summit Therapeutics ( SMMT ) said late Monday it has appointed Robert LaCaze as chief commercial officer. LaCaze most recently served as CEO and president of Mnemo Therapeutics. ...
Asana Insider Bought Shares Worth $9,157,500, According to a Recent SEC Filing
Asana Insider Bought Shares Worth $9,157,500, According to a Recent SEC Filing
Mar 18, 2025
03:24 AM EDT, 03/18/2025 (MT Newswires) -- Dustin A. Moskovitz, 10% Owner, Director, President, Chief Executive Officer & Chair, on March 13, 2025, executed a purchase for 675,000 shares in Asana (ASAN) for $9,157,500. Following the Form 4 filing with the SEC, Moskovitz has control over a total of 52,720,482 Class A common shares of the company, with 48,573,436 shares...
Copyright 2023-2026 - www.financetom.com All Rights Reserved