Siemens AG has entered into agreements with Siemens Energy to shape a solution for stability and to accelerate the separation in India. In particular, Siemens intends to acquire an 18% stake in Siemens Ltd. India for a purchase price of EUR 2.1 billion in cash. With the proposed transaction, Siemens and Siemens Energy will accelerate the unbundling of the business activities of the Indian Siemens subsidiary.
Siemens has also agreed with Siemens Energy on measures totalling EUR 1 billion to allow third parties to arrange guarantees for Siemens Energy.
Hengeler Mueller team for Siemens
Restructuring: Martin Tasma (partner, lead), Jasper Bothe, Nicolas Kutscher (both associates, all Berlin),
Restructuring/State Aid: Daniel Kress (partner, Berlin),
Corporate/M&A: Simon Patrick Link (lead), Hans-Jörg Ziegenhain, Daniel Wiegand, Daniel Möritz (all partners), Johannes Ahlswede, Theresa Lauterbach, Luca Koukounakis (all Munich), Ingo Berner (Berlin, all associates),
Tax: Matthias Scheifele, Gunther Wagner (both partner), Tim Würstlin (associate, all Munich),
Regulatory: Christian Schmies (partner, Frankfurt).
The in-house team at Siemens AG comprised Andreas Hoffmann (General Counsel), Christian Bleiweiß (Chief Counsel Corporate and M&A; project lead), Marcel Mann, Michael Schirmer, Hartmut von Schwerin (Chief Counsel Banking & Finance) and Thomas Borm.