Siemens plans shareholder vote on Siemens Healthineers stake spin-off in February 2027

Original from: Reuters

Siemens (SIEGn.DE), opens new tab said on Friday it planned a shareholder vote on a ​direct spin-off of Siemens Healthineers (SHLG.DE), opens new tab shares ‌at its next shareholder meeting in February 2027.

The announcement follows substantial progress in both the separation ​and regulatory clarification processes, it said, ​with final confirmation on the latter still ⁠outstanding.

Siemens shareholders will receive Siemens Healthineers AG ​shares directly, the group added.

When announcing the ​multi-billion-euro transaction in November, Siemens had also considered holding an Extraordinary General Meeting this year to approve ​the decision.

Siemens currently holds 67% of Siemens ​Healthineers and plans to transfer 30% of that to ‌its ⁠shareholders, thereby relinquishing its majority stake in the subsidiary.

"The separation process and the regulatory clarification process are well advanced, although final ​confirmation regarding ​regulatory issues ⁠is still pending," a statement said.

Siemens no longer considers medical technology ​such as X-ray machines or laboratory ​systems ⁠as part of its core business.

Siemens Healthineers was spun off into the stock market ⁠in ​2018, but its parent retained ​a majority stake.

Source: Siemens plans shareholder vote on Siemens Healthineers stake spin-off in February 2027