C&S Electric becomes wholly owned after 0.78% capital reduction
SIEMENS · price
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The Registrar of Companies confirmed the cancellation of 343,948 shares, or 0.78%, held by specified shareholders in C&S Electric Limited. This raises Siemens ownership from 99.22% to 100%, making C&S a wholly owned subsidiary and simplifying its administration.
The change affects a subsidiary, not Siemens' own share count. It provides no direct benefit or payout to Siemens shareholders, so the likely stock impact is limited.