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Siemens to discuss trimming $40B Healthineers stake
Business
Siemens is looking to shrink its big 71% stake in Siemens Healthineers, the medical tech company it spun off back in 2018.
The reason? Investors think owning such a huge chunk might be holding Healthineers' share price back.
Siemens's board is set to meet on November 13 to talk through their options, just before a big investor day.
Selling more shares could boost Healthineers' stock
This isn't the first time Siemens has trimmed its stake—lately, they've been shifting focus toward higher-growth areas like software and AI.
Siemens's 71% stake in Healthineers is worth about $40.5 billion, but its stock has struggled thanks to worries about future growth and profits.
If Siemens sells more shares, it could help boost confidence in Healthineers and maybe even perk up those share prices.