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Purchase price of 50 percent stake to total 3 billion euros in addition to a distribution of 250 million euros
September 25, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Bosch and Siemens agreed that Robert Bosch GmbH will acquire Siemens’ 50% stake in the joint venture BSH Bosch und Siemens Hausgeräte GmbH (BSH). The transaction has been approved by the Board of Management and Supervisory Board of Bosch and the Managing Board and Supervisory Board of Siemens. The purchase price will total €3 billion. In addition, Siemens and Bosch will each receive from BSH an additional distribution of €250 million before the transaction is completed. The transaction, which...
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