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 their average price. After the deal, Siemens Energy’s stake will decrease to 6 per cent. The stake sale in Siemens Limited follows the decision of Siemens Energy to seek 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.