Siemens plans to list healthcare business
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Munich
GERMAN industrial group Siemens plans a public listing of its US$15 billion healthcare business, it said on Thursday, in a further step to focus on its core strengths of electrification, automation and digitisation.
The Munich-based group announced the move as it reported fourth-quarter profits that comfortably beat expectations but a cautious outlook for the current fiscal year as large orders dropped amid geopolitical uncertainty.
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