Siemens Ltd Demerger: Siemens AG to buy Siemens Energy’s stake for €2.1 billion

Siemens Ltd Demerger: Siemens AG to buy Siemens Energy’s stake for €2.1 billion

NEW DELHI: German MNC Siemens on Wednesday announced plans to complete the demerger of its Indian unit Siemens Ltd in 2025, significantly earlier than previously planned. To accelerate the demerger plan, Siemens AG said it will acquire 18% stake in Siemens Ltd India for a purchase price of €2.1 billion from Siemens Energy. “This would … Read more