Siemens reduces stake in Healthineers, CFO reveals in exclusive interview with Handelsblatt, reports Seeking Alpha.

According to a report by Handelsblatt, Siemens’ CFO (Chief Financial Officer), Thomas Bauer, has stated that the company is reducing its stake in its healthcare unit, Siemens Healthineers. The reduction in stake is a part of a plan to increase the company’s independence and boost its growth prospects. Siemens currently has a 75% stake in Siemens Healthineers, and it plans to reduce this stake to around 40-50% over time. This move is seen as a strategic decision to empower Siemens Healthineers’ management to make their own decisions and drive growth, without being overly influenced by the parent company. The CFO believes that this step will help the company to be more agile and respond to the changing healthcare landscape. The reduction in stake will also allow Siemens to focus on its own core businesses, such as industrial automation and digitalization. The company plans to use the funds from the stake reduction to invest in its growth initiatives and reduce debt.