Siemens 2008 Annual Report Download - page 309

Notes to Consolidated Financial Statements 213
(in millions of €, except where otherwise stated and per share amounts)
42 Corporate governance
As of September 30, 2008, Siemens Aktiengesellschaft, and in prior years, in addition, Cycos AG, were the sole
German publicly traded corporations consolidated by Siemens. Those companies provided the certications
required by Par. 161 of the German stock corporation law (AktG). The certications were made available to the
shareholders.
43 Subsequent events
At the beginning of November 2008, Siemens signed an agreement to sell its 50 percent stake of Fujitsu Siemens
Computers (Holding) BV (FSC) to Fujitsu Limited. A gain is expected to arise on the transaction. The transaction,
which is subject to the approval of regulatory authorities, is expected to close in the third quarter of scal 2009.
At the beginning of October 2008, Siemens completed the transfer of an 80.2% stake in Siemens Home and
Ofce Communication Devices GmbH & Co. KG (SHC), reported in Other Operations, to ARQUES Industries AG.
Effective November 17, 2008, Barbara Kux was appointed to the Siemens Managing Board. Barbara Kux will head
the Supply Chain Management and serve as Chief Sustainability Ofcer.
This is a translation of the German “Konzernabschluss gemäß § 315 a (1) HGB der Siemens AG zum 30. Septem-
ber 2008”. Sole authoritative and universally valid version is the German language document.