Siemens in talks with sovereign wealth funds: report

LONDON (MarketWatch) — Siemens has held talks with sovereign wealth funds in the Middle East and Russia in a bid to expand its long-term investor base, according to a report in the Financial Times newspaper Thursday. Citing an interview with Chief Financial Officer Joe Kaeser, the newspaper said a deal could create new business opportunities for Siemens in fast-growing regions. Kaeser highlighted a General Electric deal, under which Mubadala will buy a stake in the company and create a $12 billion joint venture with its finance arm, as the sort of arrangement Siemens is interested in, the FT reported.
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