Siemens Healthineers plans two-step 7.5 billion euro capital hike for Varian acquisition: sources

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Siemens Healthineers plans a two-step capital increase to raise 7.5 billion euros (US$8.80 billion) via share placements to help finance its ...

Siemens Healthineers plans a two-step capital increase to raise 7.5 billion euros via share placements to help finance its acquisition of Varian Medical Systems , sources close to the matter said on Monday.

The German health group said on Sunday it was buying U.S. peer Varian in a US$16.4 billion deal that seeks to create the global leader in cancer care solutions.Varian shares rose 22per cent in early trading on Monday, while Healthineers' shares were down 6.7per cent at 41.00 euros each on concerns that Healthineers was paying a steep price.

Siemens' stake in Healthineers will be diluted to about 72per cent from 85per cent following the share sale.

 

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