Siemens Has EU12 Billion for Acquisitions, Sueddeutsche Reports
Siemens AG plans to make acquisitions and the German engineering company has 12 billion euros ($16 billion) in liquidity, Sueddeutsche Zeitung said, citing an interview with Chief Executive Officer Peter Loescher.
In a weaker economy there are lots of buying opportunities and Munich-based Siemens has “clear ideas” on what the company is looking for, Loescher said, according to the German newspaper.
To contact the reporter on this story: Sheenagh Matthews in Frankfurt at email@example.com
To contact the editor responsible for this story: Benedikt Kammel at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.