Siemens Logo at the entrance of its new headquarters in Munich, June 14, 2016 (Photo CHRISTOF STACHE. AFP)
Siemens (DE:SIEGn) announced on Wednesday that the ipo of its division of medical engineering Healthineers, presented by the press as the biggest in the last twenty years, will take place in Frankfurt.
“Siemens is preparing the ipo planned for the first half of the year 2018 on the regulated market (Prime Standard) of the Frankfurt stock Exchange,” said the group in Munich (south) in a press release.
The German group puts an end to questions about the place chosen for this IPO raised for a long time. New York was also an option being considered, according to several media outlets.
The IPO of Healthineers should allow this subsidiary very profitable specializing in medical devices to become a leader in 2025 market of medical engineering.
It could become the biggest ipo on the square in frankfurt since the IPO of Deutsche Telekom (DE:DTEGn) in 1996, valuing Healthineers to 40 billion euros, according to press reports.
Questioned by AFP, a spokesman for Siemens declined to confirm these figures, saying that it was “too early” to discuss an amount.
The group, the flagship of the historic power of German industrial, pursues a strategy that is sometimes accused of becoming a “holding company”, or a list of divisions lacking cohesion.
It is allied to the Spanish Gamesa (MC:GAM) and French Alstom (PA:ALSO) to form giants, respectively, of the wind turbines and the rail and announced in mid-November, the removal of almost 7,000 jobs, primarily in its branch energy shaken up by the rise in power of renewable energy.