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SIE Siemens AG

175.56
-0.08 (-0.05%)
02 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Siemens AG TG:SIE Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.08 -0.05% 175.56 175.42 175.70 176.22 173.92 175.76 30,156 22:50:02

Siemens to Sell Mail and Parcel Business to Korber for EUR1.15 Billion

09/02/2022 9:02pm

Dow Jones News


Siemens (TG:SIE)
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From May 2021 to May 2024

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By Patrick Chu

 

Siemens AG said it will sell the mail and parcel business of Siemens Logistics GmbH to the Körber Group for an enterprise value of EUR1.15 billion ($1.3 billion).

Siemens said the sale is part of its strategy to become more focused on technology. The deal is expected to close this year, subject to regulatory approvals, the company said.

 

Write to Patrick Chu at Patrick.Chu@WSJ.com

 

(END) Dow Jones Newswires

February 09, 2022 15:47 ET (20:47 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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