Transfer of 6.8% equity to Siemens Pension Trust
The transfer will boost Siemens’ pension assets in Germany
Siemens’ total investment in Siemens Energy AG decreased from 31.9% to 25.1%
Siemens AG has transferred a 6.8 percent stake in Siemens Energy AG to Siemens Pension-Trust e.V. As a result, Siemens AG’s stake in Siemens Energy AG was reduced to 25.1%. With this move, Siemens is implementing a previously announced plan to reduce its investment in Siemens Energy. The transfer of the stake to the Siemens Pension Trust will help Siemens expand its pension assets in Germany.

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Before the separation of Siemens Energy and before and after the public listing, Siemens said that it would further reduce its investment in Siemens Energy based on strategic and operational developments, market conditions and other factors.

The Siemens Pension Trust manages Siemens Pension independently within the framework of the Investment Guide.

Siemens will share more information in its third-quarter fiscal 2023 earnings report on Aug. 10.