This article is from: srnnews.com
ZURICH (Reuters) -Siemens said on Wednesday it would cut its 35 billion euro ($41 billion) stake in medical products maker Siemens Healthineers by giving shares in the medical equipment maker to its own shareholders.
The German engineering group will reduce its current holding of 67% in Healthineers by transferring 30% of its stock to its shareholders via a direct spin off, it said.
($1 = 0.8575 euros)
(Reporting by John Revill. Editing by Mark Potter and Tom Sims)
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