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Investing.com -- Siemens (ETR:SIEGn), the German multinational conglomerate, has announced the sale of a portion of its shares in Siemens Healthineers AG (ETR:SHLG). The number of shares being sold is around 22 million, which is equivalent to approximately 2% of the total issued share capital of Siemens Healthineers AG.
The decision to sell these shares was made today, and the sale process has been initiated immediately following the announcement. This sale is being executed via an accelerated bookbuilding process. The shares are being offered exclusively to qualified investors in a private placement.
Siemens has also confirmed that it will use the net proceeds from the sale for general corporate purposes. As part of the sale agreement, Siemens has committed to a standard lock-up undertaking of 90 calendar days. This means that Siemens will not sell any more of its shares in Siemens Healthineers AG for the next 90 days.
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