By Benjamin Horney ( November 28, 2017, 4:16 PM EST) -- Siemens AG is getting close to deciding a venue for the initial public offering of medical equipment business Siemens Healthineers, with The Wall Street Journal reporting on Tuesday that the German industrial giant is leaning toward selecting Frankfurt, Germany. According to the report, the IPO could value Healthineers at as much as €40 billion ($47.5 billion). An announcement concerning where the IPO will take place could be imminent, with the report saying the company's supervisory board is set to meet to discuss the situation this week. New York and London are also possible locations for the IPO, which has been rumored since November of last year. Reports in late October said Siemens had hired Goldman Sachs Group Inc., Deutsche Bank AG and JPMorgan Chase & Co. to assist with the process....
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