Siemens plans shareholder vote on Siemens Healthineers stake spin-off in February 2027


The logo of Siemens is pictured at Global Industrie exhibition in Villepinte near Paris, France, March 26, 2024. REUTERS/Benoit Tessier

April 17 (Reuters) - Siemens ⁠said on Friday it planned a shareholder ⁠vote on a direct spin-off of ‌Siemens Healthineers shares at its next shareholder meeting in February 2027.

The announcement follows substantial progress in both the separation ​and regulatory clarification processes, it ⁠said, with final ⁠confirmation on the latter still outstanding.

Siemens shareholders will ⁠receive ‌Siemens Healthineers AG shares directly, the group added.

When announcing the multi-billion-euro transaction ⁠in November, Siemens had also considered holding ​an Extraordinary ‌General Meeting this year to approve the ⁠decision.

Siemens currently ​holds 67% of Siemens Healthineers and plans to transfer 30% of that to its shareholders, thereby ⁠relinquishing its majority stake in ​the subsidiary.

"The separation process and the regulatory clarification process are well advanced, although final confirmation regarding ⁠regulatory issues is still pending," a statement said.

Siemens no longer considers medical technology such as X-ray machines or laboratory systems as part ​of its core business.

Siemens Healthineers ⁠was spun off into the stock market in ​2018, but its parent ‌retained a majority stake.

(Reporting by ​Alexander Huebner, Writing by Linda Pasquini and Matthias Williams, Editing by Friederike Heine)

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