Siemens AG (SIE.XE) may revamp its four-division structure, according to German media reports.

Joe Kaeser, chief executive of the industrial conglomerate, wants to reorganize the group's energy, industry, healthcare and infrastructure and cities divisions for greater profitability, German publications Boersen-Zeitung, Handelsblatt and Manager Magazin report.

The Munich-based company will likely disclose its strategy on May 8, according to reports.

Siemens aims to stem its loss of market share, closing the gap with rivals General Electric Co. and ABB Ltd., the reports say.

Siemens declined to comment on the speculation.

At 1121 GMT the stock is up 1.0% at EUR95.19.

Newspaper website:

http://www.boersen-zeitung.de

http://www.handelsblatt.com

Magazine website:

http://manager-magazin.de

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

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