Deals
Siemens CEO Seeks to Shake Up Company With Energy Spinoff
- Joe Kaeser says group wants to list up to 75% of the business
- Chief executive raises possibility of extending his contract
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Siemens AG aims to shed about 75% of its struggling power and gas unit in one of the most radical moves to date by Chief Executive Officer Joe Kaeser to untangle the sprawling conglomerate and try to boost its valuation.