Siemens shareholders approve spinoff of Siemens Energy

Siemens AG shareholders approved the spinoff of its energy business into an independent company, Siemens Energy AG, with annual revenue of nearly EUR 29 billion, to begin trading on September 28, 2020.

“More than 99% of shareholders approved the motion to create an independent Siemens Energy AG at an extraordinary shareholder meeting on Thursday.”worldoil.com

• 1 source
• worldoil.comSiemens spins off its gas turbine and wind power businessOliver SachgauJul 9, 2020

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