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Siemens to mull sale of gas turbine business: Bloomberg


(Reuters) - AG is considering strategic options including a potential sale of its struggling that makes turbines for power plants, reported on Wednesday citing people familiar with the matter.The German engineering company is looking at all possibilities, such as a combination with a rival, the report added.

has seen a drop in demand at its power and business, which makes and steam turbines.

Seimens declined to comment on the report.

(Reporting by in Bengaluru; Editing by Bernard Orr)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 13 2018. 19:35 IST