Siemens (SI) reportedly will need to take additional writedowns of more than €250M (~$321M) on...

|About: Siemens AG (SIEGY)|By:, SA News Editor

Siemens (SI) reportedly will need to take additional writedowns of more than €250M (~$321M) on the solar business it is planning to exit. The additional amount is made up of writedowns on the value of company units, operational losses and writedowns on solar projects that have already been started. SI reportedly will book total losses of €800M on its solar business.