German engineering group Siemens said it was committed for the long term to Britain, which will begin the formal process of leaving the European Union on Wednesday. The trains-to-turbines group employs more than 15,000 people in Britain, has played an important role in London's Thameslink and Crossrail rail projects and is investing 160 million pounds ($201 million) in a wind turbine-blade factory in Hull. "While the exact terms of the UK's exit from the European Union are unclear, we are committed to London in the long-term," Siemens' UK Chief Executive Juergen Maier said in a statement.
Siemens AG says it’s going to continue to invest into its London and U.K. operations despite the “unclear” future following Britain’s decision to leave the European Union.
- Reuters•5 days ago
Dozens of German companies including Siemens attended meetings in Bolivia this week to discuss building a coast-to-coast railway through Brazil, Bolivia and Peru that could speed up the export of corn and soybeans to Asia, German and Bolivian officials said on Wednesday. "This is the project of the century," said Germany's State Secretary of German Transport, Building and Urban Development Rainer Bomba.
SIE.DE : Summary for SIEMENS AG NA - Yahoo Finance
Siemens Aktiengesellschaft (SIE.DE)
XETRA - XETRA Delayed Price. Currency in EUR
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|Bid||123.30 x 44200|
|Ask||123.35 x 100000|
|Day's Range||123.05 - 123.70|
|52 Week Range||86.82 - 126.50|
|PE Ratio (TTM)||17.37|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|