Siemens board approves demerger of energy biz into a separate listed entity
The board of Siemens has approved a scheme of arrangement, under which the energy business will be demerged into a separate listed company. As per the scheme, shareholders will get one share of Siemen Energy for every one share they hold of the company. The scheme will provide for the demerger of theCompany's energy business.
The board of Siemens has approved a scheme of arrangement, under which the energy business will be demerged into a separate listed company.”The Board of Directors has approved a scheme of arrangement amongst the company and Siemens Energy, providing for the demerger of the company’s energy business,” the company said in a filing.As per the scheme of arrangement, shareholders will get one share of Siemens Energy for every one share they hold of Siemens.More to come(You can now subscribe to our ETMarkets WhatsApp channel)(You can now subscribe to our ETMarkets WhatsApp channel)
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