Siemens plans to list healthcare business

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.