Siemens Energy is considering selling stake in Indian subsidiary to Siemens AG

Siemens Energy is considering selling stake in Indian subsidiary to Siemens AG

Siemens Energy is considering selling part of its stake in an Indian subsidiary to former parent company Siemens AG in order to clean up its balance sheet. This sale could strengthen Siemens Energy's balance sheet. Siemens Energy is expected to announce the sale of the shares, with the shares currently worth around €3.3 billion. The federal government is urging Siemens to provide guarantees for the ailing Siemens Energy group. It is believed that the federal government will provide guarantees worth around 15 billion euros, with part of these guarantees being taken over by the former parent company Siemens and the banks. Siemens Energy shares recorded a recovery in the last two trading days, while Siemens shares also rose slightly. Analysts are optimistic and believe that the sale of the Indian stake would strengthen Siemens Energy's balance sheet. However, the economist Marcel Fratzscher is critical of possible state guarantees for Siemens Energy and demands that Siemens AG alone should assume the guarantee. Siemens Energy shares fell slightly in value that day.

According to a report by www.finanzen.net