Siemens board approves demerger of energy biz into a separate listed entity
As per the scheme of arrangement, shareholders will get one share of Siemens Energy for every one share they hold of Siemens.
The of has approved a of , under which the business will be demerged into a listed company."The Board of Directors has approved a scheme of arrangement amongst the company and , providing for the of the company's energy business," the company said in a filing.
As per the scheme of arrangement, shareholders will get one share of Energy for every one share they hold of Siemens.
More to come
Source: Stocks-Markets-Economic Times
