A large majority of the shareholders in Siemens Energy have approved the spin-off of the company’s energy business to Siemens Energy AG.
The vote was taken at Siemens’ extraordinary shareholders’ meeting on July 9 and was approved by 99.36 percent of the capital stock represented. The highest number of participants following the shareholders' meeting online was 3,870.
Siemens said this step paves the way for the establishment of an independent company rigorously focused on the energy sector.
“Siemens shareholders’ broad approval of the spin-off of Siemens Energy confirms the managing board’s strategic course for securing the long-term future,” said Joe Kaeser, president and CEO of Siemens AG. “The spin-off enables us to build two focused companies, both of which will be strong players in their respective sectors.”
Siemens Energy operates globally along the entire energy value chain, including the service business. In the future, Siemens
