Siemens to gauge interest of relevant anchor investors, sovereign wealth funds ahead of Healthineers IPO (translated)
02 JAN 2018
Siemens [ETR:SIE] is to gauge the interest of sovereign wealth funds ahead of the planned IPO of its Healthineers unit, Frankfurter Allgemeine Sonntagszeitung reported. Siemens CEO Joe Kaeser told the German weekly in a wide-ranging interview that the listing will go ahead, market conditions permitting, in the first half of 2018, in Frankfurt.
Kaeser said that the size of the placement is the next decision to be made, and noted he intends to gauge the interest of relevant anchor investors, including sovereign wealth funds.
Asked whether sovereign wealth funds in Norway and China would be included, Kaeser said most important state funds would be covered as this would could bring anchor investors, though the free-float would be lower.
Kaeser confirmed Siemens would retain a majority share.