Name Symbol Market Type
Siemens AG (PK) USOTC:SIEGY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.01 0.02% 57.74 57.65 57.78 57.80 57.50 57.51 164,291 22:20:00

Siemens Indian Subsidiary Buys C&S Electric in for Around EUR267 Million

24/01/2020 2:06pm

Dow Jones News


Siemens (PK) (USOTC:SIEGY)
Historical Stock Chart

1 Month : From Jan 2020 to Feb 2020

Click Here for more Siemens (PK) Charts.
   By Mauro Orru 
 

Siemens AG (SIE.XE) said on Friday that it has signed an agreement through its local subsidiary Siemens Ltd. (500550.BY) to acquire New Delhi-based C&S Electric Ltd.

The German engineering conglomerate said it would acquire approximately 99% of C&S Electric Limited for roughly 267 million euros ($295.6 million).

"The addition of C&S Electric's products, sales network, manufacturing units and a highly competent employee base will complement and strengthen the range of Siemens' offering," said Sunil Mathur, managing director and chief executive at Siemens Ltd..

Siemens added that C&S Electric has more than 5,000 employees.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

January 24, 2020 08:51 ET (13:51 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

1 Year Siemens (PK) Chart

1 Year Siemens (PK) Chart

1 Month Siemens (PK) Chart

1 Month Siemens (PK) Chart
Your Recent History
USOTC
SIEGY
Siemens (P..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200219 10:22:27