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Confirmed: Siemens Aims For H1 2018 IPO for Healthineers

 
• By Tina Tan

Siemens is planning to spin out its Healthineers business in an IPO slated for the first half of next year, the German conglomerate has confirmed. The move will give the health care business "the required currency and entrepreneurial flexibility" to grow in a fundamentally attractive market, it said. The announcement was made in conjunction with the group's reporting of its third quarter results for fiscal 2017, in which solid diagnostics imaging sales helped to boost the top line for Healthineers.

Following months of unconfirmed rumors and reports from sources close to the matter, Siemens AG has now confirmed it is planning to float its health care business, Healthineers, as an independent publicly-listed company and is targeting to complete the IPO in the first half of 2018, depending on market conditions.

The disclosure came during an Aug 3 investor conference call held by the German conglomerate to discuss its third fiscal quarter results. Michael Sen, chief financial officer for Siemens Healthineers,...

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