Siemens plans to deconsolidate Siemens Healthineers

Siemens (SIEGY) said it intends to deconsolidate its remaining stake in Siemens Healthineers (SMMNY), currently circa 67%. “This was resolved today by the Managing Board of Siemens AG with the approval of the Supervisory Board to further simplify the portfolio of Siemens and to position Siemens as a focused technology company. The company plans to transfer 30% of Siemens Healthineers shares to Siemens AG shareholders by way of a direct spin-off as preferable option. In the medium term it is targeted to reduce the shareholding to a financial asset. Moreover, Siemens reaffirms its commitment to a progressive dividend policy, which will be maintained even after the deconsolidation of Siemens Healthineers. The intended transaction is subject to final regulatory clarifications and approvals by shareholder meetings of both companies, Siemens and Siemens Healthineers,” the company stated.