Siemens Closes In on Plan to Cut €35 Billion Stake in MRI Maker

Siemens AG is finalizing options to reduce a majority stake in its former medical equipment unit after the €35 billion ($40.5 billion) holding turned into a drag on its share price.

The German industrial company’s supervisory board is scheduled to meet prior to an investor day Thursday, according to a company spokesperson, and may decide on a way to lower its ownership in Siemens Healthineers AG. Reducing the 71% stake is complex and the company has weighed several solutions, people familiar with the matter previously told Bloomberg News.