Parent group's stake restructuring good for Siemens, but growth concerns loom
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New Delhi, May 19 -- Siemens Gas and Power Holding BV (Siemens Gas), a fully-owned subsidiary of Siemens AG, is set to acquire a 24% stake in its Indian arm, Siemens Ltd (Siemens). This ends the uncertainty over the fate of Siemens' power and gas business division.
With the proposed stake acquisition, Siemens will continue to run all segments, including gas and power, under its umbrella to tap growth opportunities independent of the parent's global arrangement. The firm's parent ownership will be split among Siemens Gas (24%), Siemens AG (48%) and Siemens Metal Technologies (3%), totalling to 75%.
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Investors in the Indian entity have been on edge ever since the parent hived off the struggling gas and power ...
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