Siemens CEO Says Energy Spinoff Is Best Way to Boost Shares

Siemens CEO Says Energy Spinoff Is Best Way to Boost SharesJul.09 — Siemens AG Chief Executive Officer Joe Kaeser says the proposed spinoff of an energy business is the best way to refocus and boost the company’s share price. Kaeser said he expects investors at a virtual meeting today in Munich to back the separation of Siemens Energy, which makes turbines for power plants and wind farms. He spoke on “Bloomberg Markets: European Open.”

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