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Siemens to Sell Healthineers Stake in IPO in First Half

  • Planned sale would add to CEO’s overhaul of engineering firm
  • IPO would be one of the biggest ever sales in Germany
Inside Siemens AG Healthineers Factory As Health-care Division Carve Out Advances
Photographer: Krisztian Bocsi/Bloomberg
Updated on

Siemens AG will press ahead with an initial public offering of its health-care unit, as Chief Executive Officer Joe Kaeser unloads another key business at Europe’s largest engineering company.

The IPO of “a meaningful minority share” in Siemens Healthineers, as the company is known, will be completed in the first half of the year on the Frankfurt Stock Exchange, subject to market conditions, the Munich-based company said in a statement.