Siemens announced on 7 May ahead of its CMD that it will spin off its Power Gas division, including the transfer of its 59% SGRE stake into the NewCo, which is expected to be listed in September 2020. The announcement makes sense, and we consider it should reduce the conglomerate discount as Siemens will focus on Industrial Core business (Digital Industries and Smart Infrastructure). All in all, the strategy is clear and the targets are ambitious. Siemens is on the right track.
20 May 2019
Clear strategy and good ambitions
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Clear strategy and good ambitions
Siemens Aktiengesellschaft (SIE:WBO) | 0 0 0.4% | Mkt Cap: 93,908m
- Published:
20 May 2019 -
Author:
Luis Pereira -
Pages:
5
Siemens announced on 7 May ahead of its CMD that it will spin off its Power Gas division, including the transfer of its 59% SGRE stake into the NewCo, which is expected to be listed in September 2020. The announcement makes sense, and we consider it should reduce the conglomerate discount as Siemens will focus on Industrial Core business (Digital Industries and Smart Infrastructure). All in all, the strategy is clear and the targets are ambitious. Siemens is on the right track.