Siemens to give shareholders 55% of Energy business spin-off
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ZURICH (Reuters) - Siemens will give 55% of its power business to shareholders when it spins it off in September, the German engineering group said on Tuesday, the latest stage in its shift away from a sprawling conglomerate.The trains to industrial software maker then wants to "significantly" reduce its remaining 45% position within 12 to 18 months after the shares are listed on Sept. 28, Siemens said, detailing the separation it announced a year ago.The flotation would be one of the biggest..