Siemens AG will hold 91% of the votes and 78% of the total equity of the planned Siemens-Nixdorf Informationssysteme AG, which is scheduled to come into being on October 1. The company currently owns 51% of the voting shares, bought from Nixdorf family trusts, and Nixdorf will issue 26.3m new shares to Siemens, representing 54% of the expanded equity, to take Siemens’ stake to the 91%, in exchange for Siemens Data & Information Systems Division. The 5.6m non-voting Nixdorf preference shares will remain traded on the Frankfurt Stock Exchange, which means that more financial details on the new company’s performance will have to be published than would otherwise have been the case.
SIEMENS TO HAVE 91% OF THE VOTES, 78% OF THE CAPITAL OF SIEMENS-NIXDORF FIRM
