Siemens could reduce stakes in Healthineers, other companies to fund Altair deal

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ZURICH :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.

"We will definitely protect the share price of those companies being affected," Thomas said.

"We have substantial financial potential from the sale of shares in listed entities," Thomas told analysts.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Billion Healthineers Cent Fluence Companies Thomas Altair Siemens Sell Part Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 21:28:39 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 325 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23350376

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