Britain's Rolls-Royce said on Tuesday it was in talks with Germany's Siemens AG to sell a unit that makes equipment for the oil and gas industry and power-generation gear for utilities.Sources familiar with the matter told Reuters earlier that Siemens was considering paying just under 1 billion euros ($1.38 billion) for Rolls-Royce's energy businesses outside of the nuclear industry.Siemens' talks with the British company are part of a new strategy that the German engineering group will present on May 7, a Siemens spokesman said.The news comes on the same day Siemens said it would make an offer for French engineering group Alstom's power business if it is given enough time to draw up a detailed plan to rival a bid by General Electric.
Siemens AG (Siemens) is a globally operating technology company with core activities in the fields of energy, healthcare, industry and infrastructure. Shares of SI fell by 0.31% or $-0.4/share to $128.95. In the past year, the shares have traded as low as $99.07 and as high as $139.28. On average, 484860 shares of SI exchange hands on a given day and today's volume is recorded at 1693200.
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