Siemens Energy Considers Unit Spinoff

Siemens Energy rises 4.7% on potential spinoff report Siemens Energy is considering spinning off part of its Transformation of Industry division. The division makes compressors and steam turbines. The company's stock rose 4.7% in European trading following the re

Siemens Energy rises 4.7% on potential spinoff report

Siemens Energy is considering spinning off part of its Transformation of Industry division.

The division makes compressors and steam turbines.

The company’s stock rose 4.7% in European trading following the report.

Leave a Reply

Your email address will not be published. Required fields are marked *