Siemens expects big SEC fine in bribery case -paper

Newswire

FRANKFURT, May 25 (Reuters) - German engineering group Siemens AG expects a substantial fine from the U.S. Securities and Exchange Commission (SEC) as a result of a corrpution probe and has not built any provisions to handle this, Chairman Gerhard Cromme told a newspaper. He also told the Sueddeutsche Zeitung in an interview to be published on Saturday that Siemens was pressing ahead with plans to float its VDO automotive electronics unit but would consider any takeover offer "if someone ...

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