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home / news releases / SIEGY - Siemens planning to spin off majority of energy business - Bloomberg


SIEGY - Siemens planning to spin off majority of energy business - Bloomberg

  • Siemens (OTCPK:SIEGY -0.1%) will seek to spin off ~75% of its struggling power and gas unit, as CEO Joe Kaeser tells Bloomberg he wants to "massively deconsolidate" the division to make the parent company more manageable and less risky.
  • More news on: Siemens Aktiengesellschaft, Energy stocks news,
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Stock Information

Company Name: Siemens AG ADR
Stock Symbol: SIEGY
Market: OTC

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