German conglomerate Siemens Aktiengesellschaft (Siemens AG) has announced its plan to acquire an additional 18% stake in Siemens Ltd India for 2.1 billion euros ($2.28 billion). This move will increase Siemens AG’s total stake in its Indian subsidiary from 51% to 69%, while Siemens Energy’s stake will decrease from 24% to 6%. The purchase price includes a 15% discount from the 5-day volume-weighted average price. Additionally, Siemens AG and Siemens Energy propose the demerger of the energy business in Siemens Ltd India, with Siemens Energy acquiring a controlling stake by 2025. The deal aims to enhance Siemens’ focus and strengthen its presence in India.
Siemens AG to Acquire Additional 18% Stake in Siemens Ltd India for $2.28 Billion
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