Institutional investors of Siemens, completed the acquisition of a 55% stake in Siemens Energy, a supplier of energy solutions and services. Due to the planned spin-off of Siemens Energy, shareholders of Siemens will hold shares in two publicly listed companies. As a result, they will be able to make decisions on their investment in each companies’ businesses activities separately and independently. When the public listing is completed, the new shares of Siemens Energy will be automatically transferred to Siemens shareholders’ securities accounts. Due to the allocation ratio of 2:1, Siemens shareholders who hold an odd number of shares will receive so-called fractional shares. These shareholders can then round off their holdings by placing a buy or sell order at the custodian bank hosting their securities account. "Siemens Energy is excellently positioned – not only operationally and strategically, but also financially. he company will rigorously drive its strategy independently of Siemens and secure its own financing on the market. The spin-off will enable our shareholders to profit directly from the new company’s future successes. At the same time, we’re confident that the conglomerate discount on the Siemens AG share will also be reduced,” Ralf P. Thomas, Siemens CFO.