Thursday, January 17, 2008
Germany - Being the Europe's largest engineering company, Siemens is planning to sell some of its real estate properties to raise money for their expansion. If Siemens is selling their real estate holdings, they are sure to make more than 100 million Euros. According to the balance sheet of September end, Siemens has 10.6 billion Euros ($15.7 billion) in equipment, factories and properties. It's seems that Siemens will complete its real estate sale before the end of December. Siemens fell to 1.63 Euros that will be about 1.7 percent, to close at 96.78 Euros in Frankfurt, valuing the company at 88.5 billion Euros.
posted by nisha
@ 8:26 PM
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