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Siemens Energy readies Omterra separation and explores turbine stake sale

Siemens Energy logoSiemens Energy
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Siemens Energy is preparing its Transformation of Industry unit—set to operate as Omterra—for separation from the group’s balance sheet. The parent plans to keep only a significant minority stake and is exploring external investors and a capital markets transaction, with Goldman Sachs advising. The industrial unit needs near-term funding as Siemens Energy pursues its own multibillion-euro investment agenda, and a stake sale in the steam turbine business is also being considered.

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