Cookie Consent by Free Privacy Policy website Spin-off of Siemens Energy approved by large majority of Siemens shareholders
luglio 10, 2020 - Siemens

Spin-off of Siemens Energy approved by large majority of Siemens shareholders

Comunicato Stampa disponibile solo in lingua originale. 

The information contained herein is not for publication or distribution, directly or indirectly, in or into any jurisdiction where to do so would be prohibited by applicable law.

  • Spin-off approved by 99.36 percent of capital stock represented
  • Capital Market Day for #siemens #energy planned for September 1, 2020

As expected, a large majority of #siemens shareholders at today’s Extraordinary Shareholders’ Meeting voted to approve the spin-off of the company’s #energy business to #siemens #energy AG. This step paves the way for the establishment of an independent company rigorously focused on the #energy sector. In the future, #siemens AG will concentrate on Digital Industries, Smart Infrastructure and #siemens Mobility. In total, 61.94 percent of the capital stock of #siemens AG entitled to vote was represented at the shareholders’ meeting, which was held as a virtual event due to the coronavirus crisis. Approval of the Spin-off and Transfer Agreement between #siemens AG and #siemens #energy AG was the only item on the meeting agenda. The agreement was approved by a majority of 99.36 percent of the capital stock represented. The highest number of participants following the Extraordinary Shareholders’ Meeting online was 3,870. 

“Siemens shareholders’ broad approval of the spin-off of #siemens #energy confirms the Managing Board’s strategic course for securing the long-term future,” said Joe Kaeser, President and CEO of #siemens AG. “The spin-off enables us to build two focused companies, both of which will be strong players in their respective sectors. The substantial increase in the share price of #siemens Healthineers since its initial public offering is a gratifying example of how focus adds value. I’m looking forward to the successful future of the #siemens companies.” 

“The Managing Board and the Supervisory Board of #siemens AG agreed early on that the spin-off can unleash Siemens’ full potential,” said Jim Hagemann Snabe, Chairman of the Supervisory Board of #siemens AG. “Approval by the shareholders confirms our view and lays the basis for the optimal setup of the two future #siemens companies.”

Siemens will now drive the further preparations for the listing. The Capital Market Day for #siemens #energy is scheduled for September 1, 2020. The securities prospectus is to be published around two weeks prior to the listing, which is planned for September 28, 2020.

Global player with unique setup in the #energy sector

Siemens #energy operates globally along the entire #energy value chain, including the service business. The company has about 91,000 employees worldwide (as of March 31, 2020). Its products include gas turbines, steam turbines, generators, transformers and compressors. In the area of wind turbines, #siemens Energy’s 67 percent stake in #siemens Gamesa Renewable #energy makes it a global market leader in renewable energies. According to the Combined Financial Statements of #siemens #energy AG as of September 30, 2019, #siemens #energy generated revenue of about €29 billion in fiscal 2019.

News correlate

aprile 17, 2024
marzo 24, 2023
gennaio 27, 2023

Soluzioni innovative e design all’avanguardia per uno stile di vita straordinario.Dal 16 al 21 aprile 2024 Siemens Elettrodomestic...

Comunicato Stampa disponibile solo in lingua originale. Under the motto "Intelligent intralogistics - experience the flow", #sieme...

Comunicato Stampa disponibile solo in lingua originale. Siemens and Skyway agreed to work together to determine the electrical and...

Ti potrebbe interessare anche

gennaio 20, 2023
gennaio 13, 2023
gennaio 13, 2023

Comunicato Stampa disponibile solo in lingua originale. eXplore Live at Deloitte’s The Smart Factory @ Wichita helps companies exp...

Comunicato Stampa disponibile solo in lingua originale. Michael Reichle is the new #ceo of #siemens Large Drives Applications and ...

Comunicato Stampa disponibile solo in lingua originale. Siemens technology and capital is aiding 80 Acres Farms and its technology...