Siemens 2013 Annual Report Download - page 209

253 D. Consolidated Financial Statements
357 E. Additional Information
245 C. Compensation Report, Corporate Governance
statement pursuant to Section a of the
German Commercial Code, Takeover-relevant
information and explanatory report
246 C. Siemens AG ( Discussion on basis of
German Commercial Code)
250 C. Notes and forward-looking statements
9
After the end of fiscal , Siemens signed an agreement to
sell its business for treating and processing municipal and in-
dustrial water and wastewater that are bundled in the Siemens
Water Technologies Business Unit, as well as the related ser-
vice activities, to funds managed by AEA Investors LP, U.S., for
a purchase price of €. billion. Closing of the transaction is
subject to approval by regulatory authorities and is expected in
the first half of fiscal .
In November , Siemens announced a share buyback of up
to € billion ending latest on October , . The buybacks
will be made under the current authorization granted at the
Annual Shareholders’ Meeting on January , , which al-
lows for further share repurchases of a maximum of . mil-
lion shares under this program. Shares repurchased may be
used for cancelling and reducing capital stock, for issuing
shares to current and former employees, to members of the
Managing Board and board members of affiliated companies
and for meeting obligations from or in connection with con-
vertible bonds or warrant bonds.
C. Subsequent events