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HomeWorld NewsFinanceSiemens scores €1.59B accounting gain on Siemens Energy investment (OTCMKTS:SIEGY)

Siemens scores €1.59B accounting gain on Siemens Energy investment (OTCMKTS:SIEGY)


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Siemes logo at door of new headquarters - Munich, Germany

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Siemens (OTCPK:SIEGY) said Friday it will reverse some of the impairment it took on its stake in Siemens Energy (OTCPK:SMEGF), leading to a €1.59B (~$1.73B) after-tax net income improvement at the end of its

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