Siemens Energy divests industrial unit
Siemens Energy plans to sell a majority stake in its industrial equipment division, which achieved sales of €5.7 billion ($6.7 billion) last year, in order to focus on the rapidly growing utilities sector. The new structure of the unit aims to enhance its flexibility and provide additional growth options, including bringing in external investors or executing a deal in the capital markets, while maintaining a significant minority stake. This move is part of the company's efforts to streamline its structure and concentrate on power generation and energy networks sectors.
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