Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

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


News SummaryMost relevantAll newsSector news 

Siemens, Nokia Seek to End Venture

02/07/2013 | 09:45pm US/Eastern

Siemens AG (>> Siemens AG) and Nokia Corp. (>> Nokia Oyj) are stepping up talks to end a six-year-old phone equipment venture, which might see a joint buyout of Siemens' 50% stake by Nokia and a strategic partner such as Alcatel-Lucent (>> Alcatel Lucent SA), Bloomberg News reported Friday on its website, citing three unnamed sources.

Discussions have accelerated as a shareholder agreement is set to be renewed in April and as Alcatel-Lucent prepares for the departure of its chief executive officer, the report cited the sources as saying.

Another possible option, though considered unlikely, would be an initial public offering of Nokia Siemens, the report quoted two of the sources as saying.

A Siemens spokesman declined comment, as did a Nokia spokeswoman and an Alcatel-Lucent spokesman, the report said.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Siemens AG, Nokia Oyj, Alcatel Lucent SA
React to this article
Latest news on SIEMENS AG
12:03p SIEMENS : partners with Con Edison to install storm hardening system in lower Ma..
10:08a SIEMENS : confirms order for 402-MW Veja Mate offshore wind project
05:34a SIEMENS : Yuanpei University hold MOU ceremony
07/06 SIEMENS : U.S. Patents Awarded to Inventors in Minnesota (July 6)
07/06 SIEMENS : U.S. Patents Awarded to Inventors in Iowa (July 6)
07/06 SIEMENS : Aktiengesellschaft: Release of a capital market information (DGAP CMS)
07/06 SIEMENS : Kant is new CEO at Winergy
07/06 SIEMENS : Dong to order 1.2 GW of Siemens turbines for Hornsea 1
07/06 SIEMENS : Product Lifecycle Management Software Assigned Patent
07/04 SIEMENS : nabs supply deal for 580-MW Race Bank wind park off UK
Duration : Period :
Siemens AG Technical Analysis Chart | SIE | DE0007236101 | 4-Traders
Income Statement Evolution
More Financials