Siemens preps power and gas spinoff in 2020

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Siemens preps power and gas spinoff in 2020

Aidan Gregory
May 08, 2019 11:00 am
Siemens power and gas alamy 230x150
R5WKB6 One of the 47 Siemens Gamesa 7MW turbines on the 659MW Walney Extension offshore wind farm in the Irish Sea, UK | Alamy Stock Photo

Shares in Siemens rose by 4.3% on Wednesday morning after the German engineering conglomerate released its second-quarter earnings and announced it plans to spin off its gas and power business.

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Equity IPOsGermanyEquityEuropeEMEA
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Aidan Gregory
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