Siemens Healthineers Share Sale Raises €1.4 Billion
Siemens AG has increased the sale of its Siemens Healthineers AG stake to €1.4 billion ($1.5 billion) by offering more shares. The German conglomerate initially planned to sell 22 million shares but has now increased the offer to 26.5 million shares.
Pricing for the shares is expected at €54.65 each, representing a 2.9% discount from Wednesday's closing price. The offering has attracted significant demand, far exceeding the available shares.
Siemens intends to use the proceeds from the sale for general corporate purposes, including funding its $10.6 billion acquisition of Altair Engineering Inc. The company also plans to sell a €2.5 billion stake in Siemens Energy AG to finance the Altair deal.
Barclays Plc, BNP Paribas SA, and Morgan Stanley are managing the offering. This year, European investors have raised $6.3 billion through overnight placings, with corporate shareholders actively participating.