Siemens AG (SIE) is in advanced talks to sell its hearing-aids business for more than 2 billion euros ($2.6 billion) as declining equity markets make a stock listing less attractive, according to people familiar with the matter.
Private-equity firm EQT Partners AB is the frontrunner, said the people, asking not to be identified because talks are private. Other firms including Permira Advisers LLP as well as Danish hearing-aids maker GN Store Nord A/S (GN) have also shown interest, they said. A deal could be reached within the next few weeks, the people said. They added talks were still ongoing and could fall apart, leading Siemens to pursue an IPO.
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