Not all spin-offs are a success for shareholders

Frankfurt Stock Exchange on the day Siemens Energy was first listed

Siemens listed the wind energy technology subsidiary on September 28th last year.

(Photo: Reuters)

Frankfurt For several years now, the motto on the stock market has been that the parts are worth more than the whole. Large conglomerates are becoming less popular, companies are repelling their daughters. This can be done either through an IPO or – as is now the case with Continental – through a spin-off.

When DAX companies bring offshoots to the stock market via spin-offs, the shares are even listed on the DAX for a day. The spin-offs weren’t always good business for investors – especially not in the long term. An overview:

Siemens spin-off Siemens Energy

With a market capitalization of 16 billion euros, Siemens Energy was the largest spin-off of a part of the company in Germany to date. Siemens put the energy technician on the stock exchange at a two-for-one ratio at the end of September 2020 – every Siemens shareholder received one share in Siemens Energy for two Siemens shares.

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