April 17 (Reuters) - Siemens said on Friday it planned a shareholder vote on a direct spin-off of Siemens Healthineers shares at its next shareholder meeting in February 2027. The announcement follows
Siemens plans shareholder vote on Siemens Healthineers stake spin-off in February 2027
Details of the Siemens Healthineers Spin-Off Plan
Shareholder Vote and Timeline
April 17 (Reuters) - Siemens said on Friday it planned a shareholder vote on a direct spin-off of Siemens Healthineers shares at its next shareholder meeting in February 2027.
Progress on Separation and Regulatory Clarification
The announcement follows substantial progress in both the separation and regulatory clarification processes, it said, with final confirmation on the latter still outstanding.
Distribution of Shares
Siemens shareholders will receive Siemens Healthineers AG shares directly, the group added.
Previous Considerations for Extraordinary General Meeting
When announcing the multi-billion-euro transaction in November, Siemens had also considered holding an Extraordinary General Meeting this year to approve the decision.
Impact on Siemens’ Stake and Business Focus
Reduction of Majority Stake
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.
Ongoing Regulatory Process
"The separation process and the regulatory clarification process are well advanced, although final confirmation regarding regulatory issues is still pending," a statement said.
Shift in Core Business
Siemens no longer considers medical technology such as X-ray machines or laboratory systems as part of its core business.
Background on Siemens Healthineers
Siemens Healthineers was spun off into the stock market in 2018, but its parent retained a majority stake.
Reporting Credits
(Reporting by Alexander Huebner, Writing by Linda Pasquini and Matthias Williams, Editing by Friederike Heine)
