Siemens plans Healthineers IPO in first half

Frankfurt

GERMAN engineering group Siemens said on Monday it planned to list its medical imaging and diagnostics business Healthineers on the Frankfurt stock exchange in the first half of 2018, offering investors existing shares in the firm.

The initial public offering (IPO) of Healthineers, which makes X-ray and MRI machines, is expected to value the business at about 40 billion euros (S$65 billion) and will likely be Germany's biggest listing since the privatisation of Deutsche Telekom in 1996.