Siemens could sell down stakes in listed companies to fund Altair deal

Altair Engineering

31/10/2024 12:53

ZURICH, Oct 31 (Reuters) - Siemens  SIEGn.DE  could sell
off part of its stakes in Siemens Healthineers  SHLG.DE ,
Siemens Energy  ENR1n.DE  and Fluence  FLNC.O  to help fund its
$10.6 billion Altair acquisition, Chief Financial Officer Ralf
Thomas said on Thursday.
    Siemens currently holds 75% in medical equipment maker
Siemens Healthineers and 17% in Siemens Energy after exiting the
companies, as well as a 31% stake in energy storage company
Fluence.
    "We have substantial financial potential from the sale of
shares and listed entities," Thomas told analysts. 
    "The specific intent to use the proceeds from selling shares
in listed companies is clearly related to this transaction," he
added, referring to the Altair acquisition.

    

 (Reporting by John Revill, Editing by Miranda Murray)
 ((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))