Face-saving solution for major shareholder Siemens: Financial experts are looking for an agreement

Face-saving solution for major shareholder Siemens: Financial experts are looking for an agreement

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div>Siemens, the government and banks should find a solution for the major shareholder Siemens Energy by mid-November. Investors are counting on a quick agreement, although major shareholder Siemens is still resisting a solution. There are now reports that Siemens Energy is considering selling shares in an Indian company to Siemens to strengthen its balance sheet. Siemens Energy currently holds a 24 percent stake in Siemens Ltd in India, which is valued at around $3.5 billion. Capital markets are showing cautious confidence as Siemens Energy's share price has risen. Analysts see the granting of state aid as plausible because classic energy technology has good future prospects. Siemens Energy supervisory board chairman Joe Kaeser admitted that guarantees are important for the company because Siemens Energy has many long-term contracts worth billions.