Siemens sells its Atos convertible bonds

Wed Mar 20, 2013 3:07am EDT

* Reuters is not responsible for the content in this press release.

* Convertible bond is profiting from positive development of Atos share price
* Stake in Atos unaffected by sale - Siemens to retain its approximate 15%
interest in Atos as agreed

MUNICH, Germany--(Business Wire)--
Regulatory News: 

Siemens is making use of the positive development of the Atos share price and
selling the €250-million convertible bonds it acquired pursuant to contribution
of its IT services business (SIS) to Atos in July 2011. The proceeds will depend
on the price fixing of the bonds, which is expected to be determined during the
day. Yesterday, the Atos share closed on the Paris stock exchange at €56.75. On
the basis of the closing share price, the sale of the convertible bonds would
result in proceeds of around €300 million. 

The convertible bond issue was part of the contractual agreement under which SIS
was contributed to Atos. Through the sale of its bonds, Siemens is now realizing
part of the purchase price. Under the terms of the transaction, Siemens also
received a cash payment of approximately €177 million as well as a 15% interest
in the share capital of Atos, in July 2011. In view of the very good operational
and strategic cooperation with Atos, among other factors, Siemens intends to
retain its interest in Atos as initially agreed between the two groups. 

Follow us on twitter:

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and
electrical engineering, operating in the fields of industry, energy and
healthcare as well as providing infrastructure solutions, primarily for cities
and metropolitan areas. For over 165 years, Siemens has stood for technological
excellence, innovation, quality, reliability and internationality. The company
is the world`s largest provider of environmental technologies. Around 40 percent
of its total revenue stems from green products and solutions. In fiscal 2012,
which ended on September 30, 2012, revenue from continuing operations totaled
€78.3 billion and income from continuing operations €4.9 billion (incl. IAS
19R). At the end of September 2012, Siemens had around 370,000 employees
worldwide on the basis of continuing operations. Further information is
available on the Internet at: 

This document contains statements related to our future business and financial
performance and future events or developments involving Siemens that may
constitute forward-looking statements. These statements may be identified by
words such as "expects," "looks forward to," "anticipates," "intends," "plans,"
"believes," "seeks," "estimates," "will," "project" or words of similar meaning.
We may also make forward-looking statements in other reports, in presentations,
in material delivered to stockholders and in press releases. In addition, our
representatives may from time to time make oral forward-looking statements. Such
statements are based on the current expectations and certain assumptions of
Siemens` management, and are, therefore, subject to certain risks and
uncertainties. A variety of factors, many of which are beyond Siemens` control,
affect Siemens` operations, performance, business strategy and results and could
cause the actual results, performance or achievements of Siemens to be
materially different from any future results, performance or achievements that
may be expressed or implied by such forward-looking statements or anticipated on
the basis of historical trends. These factors include in particular, but are not
limited to, the matters described in Item 3: Key information - Risk factors of
our most recent annual report on Form 20-F filed with the SEC, in the chapter
"Risks" of our most recent annual report prepared in accordance with the German
Commercial Code, and in the chapter "Report on risks and opportunities" of our
most recent interim report. Further information about risks and uncertainties
affecting Siemens is included throughout our most recent annual and interim
reports, as well as our most recent earnings release, which are available on the
Siemens website,, and throughout our most recent annual report
on Form 20-F and in our other filings with the SEC, which are available on the
Siemens website,, and on the SEC`s website, Should
one or more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results, performance or achievements of
Siemens may vary materially from those described in the relevant forward-looking
statement as being expected, anticipated, intended, planned, believed, sought,
estimated or projected. Siemens neither intends, nor assumes any obligation, to
update or revise these forwardlooking statements in light of developments which
differ from those anticipated. Due to rounding, numbers presented throughout
this and other documents may not add up precisely to the totals provided and
percentages may not precisely reflect the absolute figures.

Siemens AG,
Wolfram Trost
Media Relations
Tel.: +49 89 636-34794

Copyright Business Wire 2013

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.