Siemens AG to buy 18 per cent stake in Indian JV for $2.28 billion

Siemens AG is planning to buy an 18 per cent stake from Siemens Energy in their Indian joint venture Siemens Limited for around $2.28 billion, ref­lecting a 15 per cent discount on the average price. After the transaction, Sie­mens Energy’s stake will decrease to 6 per cent. The sta­ke sale in Sie­mens Limited follows Siemens Energy’s decision to raise billions of euros in project-related guarantees from the German government, banks and Siemens AG, which retains a direct 25.1 per cent stake following the spin-off.