Siemens CFO says progressing with VDO IPO plans


FRANKFURT, June 21 (Reuters) - Siemens is progressing with plans for a partial listing of its automotive unit, VDO, its chief financial officer said on Thursday, despite expressions of interest from would-be buyers. When asked whether Siemens had already opened VDO's books to interested parties such as car-parts supplier Continental AG , Joe Kaeser said: "No." A source familiar with the situation has told Reuters Continental is prepared to offer more than 10 billion euros ($13.4 ...

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