Siemens could sell down stakes in listed companies to fund Altair deal

ZURICH (Reuters) - 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.

Siemens currently holds 75% in medical equipment maker Siemens Healthineers and 17% in Siemens Energy after exiting the companies, as well as a 31% stake in energy storage company Fluence.



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

"The specific intent to use the proceeds from selling shares in listed companies is clearly related to this transaction," he added, referring to the Altair acquisition.

Source: Investing.com