Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Siemens AG    SIE   DE0007236101

SIEMENS AG (SIE)

397
Real-time Quote. Real-time Tradegate - 04/27 03:58:00 pm
101.25 EUR   +1.93%
02:09pDJE.ON Names CFO Schäfer as Head of Uniper -- Update
01:12pDJE ON SE : Correction to E.ON Names Head of New Power Company Uniper ..
01:06pDJE.ON Names CFO as Head of New Power Company
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Siemens AG : Siemens and the Hellenic Republic reach a settlement agreement and mark a new beginning

04/05/2012 | 10:40am US/Eastern

Munich, Germany, 2012-Apr-05

Today, the Hellenic Parliament ratified the settlement agreement between Siemens and the Greek State. This marks the beginning of a new chapter in Siemens' long history in Greece. The Greek Government's commitment to foster growth was one of the pillars on which this agreement was based. This agreement will allow Siemens to continue to be a real supporter. To this end, Siemens will explore actual and substantial areas of investment in Greece, with special emphasis to sectors which increase employment and support the economy.

In total, this settlement will reach approximately 270 million Euro. In this context, Siemens waives claims of €80 million that concern implemented projects and the delivery of equipment to the Greek State. Siemens will dispense up to the amount of 90 million Euro for transparency initiatives and anti-corruption programs, as well as for academic and research programs that aim at enhancing Greece's competitiveness. Finally, Siemens will spend over €100 million, in order to enhance its activities in Greece and preserve a significant number of jobs in the local market.

The company is committed to ensure going forward, full and overall compliance to sound corporate principles.

distributed by
React to this article
Latest news on SIEMENS AG
04:02p SIEMENS : Aktiengesellschaft: Release of a capital market information (DGAP CMS)
02:09pDJE.ON Names CFO Schäfer as Head of Uniper -- Update
01:12pDJE ON SE : Correction to E.ON Names Head of New Power Company Uniper Story
01:06pDJE.ON Names CFO as Head of New Power Company
12:34pDJSIEMENS : Appoints CFO for Healthcare Division
11:37a SIEMENS : Thomas Rathmann appointed CFO in Executive Management of Siemens Healt..
11:00a SIEMENS : completes 864-MW Sylwin 1 offshore wind link for TenneT
09:11a CHINA PLANS MERGERS TO CUT NUMBER OF : state media
02:45a SIEMENS : Debuts VersiCharge SG
01:15aDJE.ON Names CFO Schäfer as Head of New Power Company Uniper
Advertisement
Chart
Duration : Period :
Siemens AG Technical Analysis Chart | SIE | DE0007236101 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF