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Siemens Energy to sell most of its industrial division
Source: reuters.com
M&A & RestructuringCompany FundamentalsEnergy Markets & Prices
Siemens Energy said it plans to sell most of its industrial-customer supply division to sharpen focus on the utility power-equipment segment. The move is intended to align resources with a “booming” utility sector, which investors may view as a positive strategic refocus rather than an earnings shock.
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