Profit-and-Loss Transfer AgreementProfit-and-Loss Transfer Agreement • July 26th, 2017
Contract Type FiledJuly 26th, 2017Siemens AG is the sole shareholder of the Subsidiary. The Subsidiary has applied to the German Federal Financial Supervisory Authority (BaFin) for a license to conduct banking transactions. Once the license is granted, it is planned that the Subsidiary will be renamed "Siemens Bank GmbH".