Siemens Energy is being spun off from Siemens
55% of the shares go to Siemens shareholders; the remaining 45% are initially held by Siemens, of which 9.9% are held via SPT e.V. A listing in Prime Standard is planned.
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Energy technology company
siemens-energy.comLast updated
In short: Siemens Energy reported record third-quarter orders and planned to sell most of its industrial division.
55% of the shares go to Siemens shareholders; the remaining 45% are initially held by Siemens, of which 9.9% are held via SPT e.V. A listing in Prime Standard is planned.
Order intake reaches €17.9 billion, revenue rises by 18.5% to €11.4 billion. In addition, the company announces the new brand Omterra.
The separation aims to grant greater entrepreneurial flexibility and explore new ownership structures while the parent company focuses on power generation and transmission.
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