Key Developments: Siemens AG (SI)
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24 May 2013
$1.59 (+1.51%)
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Latest Key Developments (Source: Significant Developments)
ICT Automatisering NV To Collaborate With Siemens AG-DJ
Dow Jones reported that ICT Automatisering NV has started a collaboration with Siemens. The Company is to provide services for Siemens AG's Process Control System Simatic PCS7. The Company will focus on the solutions for operating problems. Full Article
Nokia Oyj and Siemens AG's Joint Venture to Cut 150 Jobs in Finland-DJ
Dow Jones reported that Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG, plans to reduce 150 positions in Finland in group and support functions. The statutory negotiations with employee representatives will commence on May 15, 2013. Product development functions and the manufacturing site in Oulu, Finland are excluded from the planned cuts. Full Article
Siemens AG Sees Osram Licht AG IPO In Early July 2013-Reuters
Reuters reported that Siemens AG aims to float its lighting business Osram Licht AG on the stock exchange in early July 2013 , it said, following a short delay due to legal action by a handful of investors. Siemens, which is floating Osram to focus on its most profitable businesses, had planned to spin off 80.5% of the business in the European spring. Siemens said on Thursday the fair value of Osram was about EUR3.2 billion ($4.3 billion). Full Article
Eli Lilly And Co To Acquire Alzheimer's Imaging Agents From Siemens AG-Reuters
Reuters reported that Eli Lilly And Co said it will acquire two imaging agents from Siemens AG designed to light up brain deposits of tau, an Alzheimer's protein linked with cell death. The two agents are radiopharmaceutical tracers, which are used with positron emission tomography, or PET scans, to highlight specific proteins in the brain. Terms of the deal with the conglomerate's Siemens Medical Solutions USA unit were not disclosed. Full Article
Nokia Oyj and Siemens AG's Joint Venture Receives Network Upgrade Contract from M1 in Singapore-DJ
Dow Jones reported that Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG, has been commissioned by M1 Ltd. to strengthen its voice core network and expand its 3G network in Singapore. The financial details were not disclosed. Full Article
Sale Of Siemens AG And Nokia Oyj's Nokia Siemens Stakes Not Likely For Months-Reuters
Reuters reported that a six-year pact binding Siemens AG and Nokia Oyj in Nokia Siemens Networks (NSN) expired on Thursday with sources at the two parent companies saying there was no sale in sight for at least the next few months. The lapsing of the shareholder pact frees the co-parents to sell all or part of their 50% stakes in NSN without consulting the other. Full Article
Nokia Oyj and Siemens AG's Joint Venture Receives Order from Thailand-SIX
SIX reported that Nokia Siemens Networks, a joint venture between Nokia Oyj and Siemens AG, has received a 3G order from the Thai operator AIS. The financial details were not disclosed. Full Article
Nokia Oyj and Siemens AG's Joint Venture Nokia Siemens Gets LTE Network Order from TIM Brasil-DJ
Dow Jones reported that Nokia Siemens, a joint venture between Nokia Oyj and Siemens AG, has received a contract to deploy an LTE network layer on top of operator TIM Brasil's existing 2G and 3G networks in the 2.6 GHz frequency band. Under the contract, Nokia Siemens will deliver an LTE radio access network featuring its Flexi Multiradio Base Stations. It will also upgrade TIM Brasil's NetAct network management system to enable monitoring, management and optimization of its network. Implementation of the LTE network will be done on a city-by-city basis in preparation for the Confederations Cup 2013 and Football World Cup 2014 events. Full Article
Nokia Oyj and Siemens AG's Joint Venture's Subsidiary Issues Senior Notes
Nokia Oyj and Siemens AG announced that Nokia Siemens Networks Finance B.V., a wholly owned subsidiary of Nokia Oyj and Siemens AG's joint venture Nokia Siemens Networks B.V., issues EUR 450 million Senior Notes due 2018 at a coupon of 6.75% per annum (the 2018 Notes) and EUR 350 million Senior Notes due 2020 at a coupon of 7.125% per annum (the 2020 Notes and, together with the 2018 Notes, the Notes), each at an offering price of 100%. The offering was announced on March 18, 2013. The Notes amount to an aggregate total of EUR 800 million, which is an increase from the originally planned amount of EUR 600 million. The Notes will be guaranteed on a senior unsecured basis by Nokia Siemens Networks B.V. and Nokia Siemens Networks Oy. The net proceeds from the offering of the Notes will be used to prepay certain existing debt of Nokia Siemens Networks and for general corporate purposes. Full Article
Scania AB, Siemens AG To Develop Electrically Powered Trucks For commercial Use-DJ
Dow Jones reported that Scania AB has teamed up with Siemens AG to develop electrically powered trucks for commercial use. The partnership will involve the integration of Siemens technology to power vehicles with Scania in the electrification of powertrains in trucks and buses. Full Article
German stocks - Factors to watch on May 20
FRANKFURT, May 20 - The DAX top-30 index looked set to open 0.6 percent higher on Monday, which is a public holiday in Germany, though the Frankfurt stock exchange is open for trading.
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