Siemens Energy is considering selling a part of its 24% stake in Indian-listed Siemens Ltd to former parent Siemens AG to shore up its balance sheet, two people familiar with the matter said.
The stake is currently worth around $3.4 billion and a partial sale would be a quick way for the German maker of wind and gas turbines to strengthen its capital base as talks with Berlin and Siemens over guarantees for performance bonds continue.
Shares in Siemens Ltd were down around 4% at 0512 GMT on the news, their lowest level in more than six moths.
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