Siemens considers US listing of healthcare arm: CEO
[FRANKFURT] German industrial group Siemens is considering listing its US$15 billion healthcare business in the United States to take advantage of company valuations that are higher than in Europe, its chief executive told a German newspaper. "We don't have a final view on this yet, but we are looking at it very closely," weekly Euro am Sonntag quoted Joe Kaeser as saying in an interview.
The separation of the Healthineers business is one of Siemens' biggest strategic steps to narrow its focus. Over the past decades, it had shed its semiconductor, lighting, automotive and communications businesses, among others.
Mr Kaeser told Euro am Sonntag that Siemens could separate stakes in further parts of its business as well. "I can imagine a future in which we give investors the opportunity to invest not just in the companies Siemens Healthineers or Siemens-Gamesa renewable energy, but also in a high-performing digital industry business," he said.
He also indicated Siemens may hike its dividend payment to shareholders for the current fiscal year through September. "We have just raised our profit guidance for 2017 and have increased our dividend three years in a row. I wouldn't end such a streak for no reason," he said.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
France's Casino supermarket chain to axe up to 3,200 jobs
Prada outshines rivals with 16% revenue lift boosted by Miu Miu
Toymaker Hasbro posts quarterly profit beat, slower sales decline
Hilton lifts 2024 profit forecast on international travel demand
China knockoff raid jolts a global throng of fake-fashion influencers
Roche cuts pipeline after research setbacks and sales drop