IMAGINE that Siemens AG and Siemens Energy AG were still one company.
On paper it would be Europe’s third-most valuable firm with a combined market value of €320bil (US$377bil) or so.
Only Dutch semiconductor equipment creater ASML Holding NV and pharmaceuticals giant Roche Holding AG are worth more.
Yet even as both these former industrial laggards benefit from massive capital spfinishing by technology firms, their appeal in the eyes of investors has begun to diverge.
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