Siemens pension funds cuts Siemens Energy stake to below 10%, filing shows [Reuters]
SIEMENS AG SPONS ADR (SIEGY)
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Source: Reuters
, opens new tab by nearly 3%, a filing showed on Tuesday. The group's pension fund holds a 9.97% stake as of April 15, the filing showed, giving the participation a current value of 1.38 billion euros ($1.47 billion). The fund previously held 12.89%. Siemens AG's direct stake in Siemens Energy remained unchanged at 17.1%, the filing showed. The group has said it wants to further reduce its holding in the former division, which was spun off and separately listed in 2020. ($1 = 0.9406 euros) The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. Reporting by Christoph Steitz Editing by Madeline Chambers Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab
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