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Siemens to Hand €15 Billion in Healthineers Shares to Investors, Cutting Stake to About 37%

Siemens frames the step as a refocus on its core industrial‑digital portfolio under its One Tech Company strategy.

Overview

  • About 30 percentage points of Siemens Healthineers will be transferred to Siemens shareholders via a preferred direct distribution, reducing the holding from roughly 67% to around 37%.
  • The deconsolidation plan remains contingent on approvals at both companies’ annual meetings, with detailed mechanics slated for disclosure around the second quarter of 2026.
  • Siemens cites capital flexibility and portfolio simplification as goals and indicated it could further shrink the Healthineers stake over time toward a purely financial holding.
  • The announcement accompanied a third straight record net profit of €10.4 billion, a proposed dividend raise to €5.35, growth guidance of 6–9% excluding Healthineers, plans to double digital revenue by 2030, and €1 billion for AI over three years.
  • Healthineers CEO Bernd Montag welcomed the clarity, unions secured commitments on tariffs, jobs and sites, and Siemens named Veronika Bienert to succeed CFO Ralf P. Thomas after a transition.