Siemens expects MV of energy spin-off over EUR 17bn
September 23, 2020
Siemens' Energy unit is expected to reach a market value of over EUR 17bn when it begins trading on the Frankfurt stock exchange next week, on September 28th. The consensus predictions for the value of the unit, which makes gas and wind turbines, is between EUR 21bn and EUR 22bn. Based on 726.6m shares expected to be emitted, this would result in a share price of EUR 28.9 and EUR 30.3. Siemens Energy has around 91,000 FTEs.
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