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Siemens to Deconsolidate Siemens Healthineers Through Planned Spin-Off

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Siemens AG announced plans to deconsolidate its remaining 67% stake in Siemens Healthineers by transferring around 30% of shares to Siemens shareholders through a direct spin-off. The move aims to simplify Siemens’ portfolio and position it as a focused technology company while enabling shareholders to directly benefit from ownership in Siemens Healthineers. Following the transaction, Siemens intends to retain a significant minority stake, which it plans to reduce over time to a financial asset, maintaining flexibility in capital allocation.

According to Siemens CEO Roland Busch, the step aligns with the company’s strategy to advance its digital and industrial AI-driven businesses. CFO Ralf P. Thomas added that the spin-off is expected to enhance transparency, reduce complexity, and provide both Siemens and Siemens Healthineers with greater agility and strategic flexibility in their respective markets. Siemens also reaffirmed its commitment to a progressive dividend policy post-deconsolidation.

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