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Siemens CEO watching the share price of Siemens Energy

by Mike Robinson

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© Reuters. FILEPHOTO: Roland Busch is the new CEO of German industrial conglomerate Siemens. He delivered his address at the virtual annual shareholders meeting, which took place in Munich, Germany on February 3, 2021. Matthias Schrader/Pool via REUTERS

ZURICH, (Reuters) – Siemens will continue to track the stock price at Siemens Energy. This power generation company was spun off last January. Then, it will decide when it wants to sell its 35.1% stake. Chief Executive Roland Busch stated on Thursday.

Busch stated that he was looking at stock prices, and they are heading in the right direction. We won’t reduce our book value.”

Busch stated that Siemens is also optimistic about the benefits of the U.S. infrastructure stimul package. Busch made these remarks after Siemens’ fourth quarter results.

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