BUZZ-Siemens Healthineers falls after Siemens sells 2% stake in co

Updates share move, adds Siemens and Siemens Energy shares in bullet 4, milestone in bullet 6

Shares in Siemens Healthineers SHLG.DE fall 2.3% after German engineering group Siemens SIEGn.DE said on Wednesday it was selling a 2% stake in the healthcare subsidiary

Siemens sold approximately 26.5 million ordinary shares in Siemens Healthineers via private placement, reducing its stake to 73%

It says net proceeds from the sale will be used for general corporate purposes

Shares of Siemens and Siemens Energy ENR1n.DE are up around 1.3%

"Damocles sword gone for the moment. Originally planned was a 5% stake sale by Siemens to finance the Altair acquisition," a local trader says

The Healthineers stock, on track for its worst day since November 2024, is among worst performers on Germany's blue-chip index .GDAXI and the pan-European STOXX 600 .STOXX