Siemens Tees Up Health-Care IPO in One of Biggest European Deals in Years – Listing is part of CEO’s efforts to focus company on narrower field of profitable businesses

Siemens AG, the German engineering conglomerate, is readying the most significant step yet in its years long restructuring: the listing of a big chunk of its health-care business, estimated to be worth up to $47 billion.  Siemens isn’t likely to set the exact size of the IPO yet but is targeting listing a slice of between 15% and 25%… The company has said it wants to launch the offering by the middle of next year.

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