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Siemens to Distribute €15 Billion Healthineers Stake to Shareholders to Deconsolidate Unit

The planned transfer aims to deconsolidate Healthineers to sharpen focus on core industrial and digital operations.

Overview

  • Siemens will cut its 67% holding in Siemens Healthineers by roughly 30 percentage points, transferring those shares to existing Siemens investors via a direct distribution subject to shareholder approvals.
  • The company expects to finalize the legal and tax design in the coming months with fuller details targeted for early in the second quarter of 2026.
  • Siemens plans to remain a significant minority owner and over time convert the residual stake into a purely financial holding.
  • Healthineers’ leadership welcomed the move as providing clarity, and labor representatives backed the plan after commitments on tariff coverage, job and site protections, and keeping the headquarters in Germany.
  • Alongside the strategy update, Siemens reported a third straight record profit, proposed lifting the dividend to €5.35, set midterm growth targets including doubling its software-led digital business by 2030 with €1 billion for AI, and named Veronika Bienert to succeed CFO Ralf Thomas after a transition.