From AFX News Limited
MUNICH — Siemens is looking to divest additional businesses, Financial Times Deutschland has reported.
CEO Peter Loescher raised the possibility at a supervisory board meeting last week, the newspaper quoted board sources as saying, adding that he is expected to outline details to analysts and institutional investors in the coming days.
Speculation that Siemens – which recently sold its automotive systems unit VDO to Continental – might now offload its light bulb Osram drove the company’s shares higher Friday.
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