Original from: Reuters

Siemens (SIEGn.DE), opens new tab said on Friday it planned a shareholder vote on a direct spin-off of Siemens Healthineers (SHLG.DE), opens new tab shares ‌at its next shareholder meeting in February 2027.

The announcement follows substantial progress in both the separation and regulatory clarification processes, it said, with final confirmation on the latter still ⁠outstanding.

Siemens shareholders will receive Siemens Healthineers AG shares directly, the group added.

When announcing the multi-billion-euro transaction in November, Siemens had also considered holding an Extraordinary General Meeting this year to approve the decision.

Siemens currently holds 67% of Siemens Healthineers and plans to transfer 30% of that to ‌its ⁠shareholders, thereby relinquishing its majority stake in the subsidiary.

"The separation process and the regulatory clarification process are well advanced, although final confirmation regarding regulatory issues ⁠is still pending," a statement said.

Siemens no longer considers medical technology such as X-ray machines or laboratory systems ⁠as part of its core business.

Siemens Healthineers was spun off into the stock market ⁠in 2018, but its parent retained a majority stake.

Source: Siemens plans shareholder vote on Siemens Healthineers stake spin-off in February 2027