September 22, 2014 / 12:32 AM / 5 years ago

Siemens to sell stake in household appliances JV for 3 billion euro

(Reuters) - Industrial conglomerate Siemens AG (SIEGn.DE) said it would sell its 50 percent stake in household appliances joint venture Bosch und Siemens Hausgeräte GmbH (BSH) to Robert Bosch GmbH [ROBG.UL] for 3 billion euros ($3.85 billion).

Siemens and Bosch said in an emailed statement that BSH would pay them an additional distribution of 250 million euros before the deal completes.

(1 US dollar = 0.7786 euro)

Reporting by Richa Naidu in Bangalore; Editing by Sandra Maler

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