西门子能源分拆之路
The Road To
Siemens Energy
Spin-off
On September 28, the shares of Siemens Energy are expected to be listed for the first time on the regulated market (Prime Standard segment) of the Frankfurt Stock Exchange. The initial share price will be determined during the opening auction. Due to the fact that it is a spin-off, Siemens shareholders will automatically receive for every two Siemens AG shares one Siemens Energy share. This is the difference to an IPO, where potential investors have to place orders for shares which will be listed and, depending on the overall demand, might only get part of the ordered shares. Siemens will still hold 35.1% of the Siemens Energy shares after the listing, with Siemens Pension-Trust e.V. holding 9.9%.
The prospectus is a legal document which contains the strategy and operational plan for the newly listed company and to which the management team is committed. It is the basis for investors to decide on their investment. The Siemens Energy Prospectus can be found here.
The capital market day of Siemens Energy will be the first opportunity for investors and analysts to receive detailed information about the overall strategy, market environment and the company with its divisions. The Executive Board of Siemens Energy will guide through the day and answer questions raised by the capital market participants. The webcast of the CMD and the presentations can be found here.
The shareholders‘ approval at the extraordinary general meeting to the spin-off was the prerequisite for the subsequent listing. 99.36% of share capital represented voted for the spin-off of Siemens Energy on September 25, with subsequent listing on September 28. The voting results and further documents can be found here.
First legal document published regarding the separation Siemens Energy AG from Siemens AG. The spin-off report can be found here.
“… this is the personal ID of the company that has spun off. The purpose is to give a fair view on what’s happening, (be it…) who is going to be the shareholder, how many shares do I get”
– Prof. Dr. Ralph Thomas
In preparation for the Spin-off, the Siemens Energy business was legally and organizationally consolidated under the umbrella of Siemens Energy Global GmbH & Co. KG. The organizational work of separating the Siemens Energy business within the Siemens Group began directly following the announcement in May 2019.
Siemens AG 2019
Siemens AG announced its Vision 2020+, which includes the spin-off of its Gas and Power (G&P) part. The new Siemens Energy includes besides G&P a majority shareholding in Siemens Gamesa Renewable Energy S.A. with 67%. The rationale behind the spin-off is to give Siemens Energy the independency to pursue its own strategy and easier adapt to the business’ needs. Further information on the CMD can be found here.
“This move will create a powerful pure play in the energy and electricity sector with a unique, integrated setup – an enterprise that encompasses the entire scope of the energy market like no other company. Combining our portfolio for conventional power generation with power supply from renewable energies will enable us to fully meet customer demand. It will also allow us to provide an optimized and, when necessary, combined range of offerings from a single source.”
Joe Kaeser, President and CEO Siemens AG
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