Siemens Healthineers to do without capital increase in IPO: Sources
Frankfurt: German engineering conglomerate Siemens will receive all of the proceeds from a listing of its Healthineers arm, three people familiar with the plans told Reuters on Wednesday.
Germany’s Siemens is preparing this deal structure because the healthcare division, a maker of gear for medical imaging and lab diagnostics, is not in need of a capital injection, while a stock market listing will give it the option to fund any future takeovers with own shares, the sources added.
The engineering group will sell a stake of no more than 20 percent as part of the transaction, which is expected in end-March, two of the sources added.
“Initially, Siemens will certainly not part with 25 percent, more like 15 to 20 percent,” one of the sources said.
European Commission President Jean-Claude Juncker will not arrive in the United States for talks with U.S. President Donald Trump with a specific trade offer, the Commission said.
Kejriwal welcomed the SC's order that said there cannot be a "complete ban" on holding protests and sit-ins at places like Jantar Mantar and Boat Club.
Oilfield services provider Halliburton Co’s (HAL.N) quarterly revenue jumped 24 percent as higher oil prices encouraged U.S. oil and gas producers to put more rigs to work.
A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects, according to three sources familiar with the matter.
A decision to fund the purchase of a stake in Russian oil major Rosneft via loans from European banks was not effective, Igor Sechin said.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.