Siemens Aktiengesellschaft / Joint Venture
26.01.2009
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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As contractually specified, Siemens AG will terminate the Shareholders
Agreement for the Franco-German joint venture Areva NP S.A.S. effective
latest January 30, 2012, and sell its entire stake to the majority
shareholder Areva S.A. under the terms of a put agreement. Siemens stated
its lack of exercising entrepreneurial influence within the joint venture
as the reason behind the move. The transaction is subject to the approval
of antitrust authorities. The purchase price for the shares to be
transferred will be agreed upon by the contractual parties in accordance
with the terms and conditions of the Shareholders Agreement. In 2001,
Siemens combined its nuclear business activities with those of the French
company Framatome and has since then held a minority share (34%) in the
joint venture Areva NP (formerly Framatome ANP). Siemens will further
evaluate all available options to continue its commitment in nuclear power
plant business.
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Information and Explaination of the Issuer to this News:
This documents contains forward-looking statements and information that
is, statements related to future, not past, events. These statements may be
identified by words such as 'expects,' 'looks forward to,' 'anticipates,'
'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' 'will,' 'project' or
words of similar meaning. Such statements are based on our current
expectations and certain assumptions, and are, therefore, subject to
certain risks and uncertainties. A variety of factors, many of which are
beyond Siemens control, affect our operations, performance, business
strategy and results and could cause the actual results, performance or
achievements of Siemens to be materially different from any future results,
performance or achievements that may be expressed or implied by such
forward-looking statements. For us, particular uncertainties arise, among
others, from changes in general economic and business conditions (including
margin developments in major business areas and recessionary trends); the
possibility that customers will delay conversion of booked orders into
revenue or that our pricing power will be diminished by continued adverse
market developments, to a greater extent than we currently expect; the
behavior of financial markets, including fluctuations in interest and
exchange rates, commodity and equity prices, debt prices (credit spreads)
and financial assets generally; continued volatility and further
deterioration of the capital markets; the commercial credit environment
and, in particular, additional uncertainties arising out of the subprime,
financial market and liquidity crises; future financial performance of
major industries that we serve, including, without limitation, the Sectors
Industry, Energy and Healthcare; the challenges of integrating major
acquisitions and implementing joint ventures and other significant
portfolio measures; introduction of competing products or technologies by
other companies; lack of acceptance of new products or services by
customers targeted by Siemens; changes in business strategy; the outcome of
pending investigations and legal proceedings, including corruption
investigations to which we are currently subject and actions resulting from
the findings of these investigations; the potential impact of such
investigations and proceedings on our ongoing business including our
relationships with governments and other customers; the potential impact of
such matters on our financial statements; as well as various other factors.
More detailed information about certain of these factors is contained
throughout this report and in our other filings with the SEC, which are
available on the Siemens website, www.siemens.com, and on the SECs
website, www.sec.gov. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those described in the relevant
forward-looking statement as expected, anticipated, intended, planned,
believed, sought, estimated or projected. Siemens does not intend or assume
any obligation to update or revise these forward-looking statements in
light of developments which differ from those anticipated.
Siemens Investor Relations
Tel.: +49 89 636 32474
Fax.: +49 89 636 32830
Mail: investorrelations@siemens.com
DGAP 26.01.2009
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Language: English
Issuer: Siemens Aktiengesellschaft
Wittelsbacherplatz 2
80333 München
Deutschland
Phone: +49 (0)89 636-00
Fax: +49 (0)89 636-32908
E-mail: investorrelations@siemens.com
Internet: www.siemens.com
ISIN: DE0007236101
WKN: 723610
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Hannover, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX; Foreign Exchange(s) London, NYSE, SWX
End of News DGAP News-Service
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DGAP-Adhoc: Siemens AG: Divestment of its stake in Areva NP joint venture
| Source: EQS Group AG