German industrial giant Siemens is to de-list its shares from the London and Zurich stock exchanges due to low trading volumes. A company statement said: “The managing board of Siemens has resolved to de-list the ordinary shares of Siemens from the London Stock Exchange and from the Swiss Stock Exchange.

"Recently, trading in Siemens shares has been effected primarily in Germany and via electronic trading platforms. The trading volume of the Siemens shares on the LSE and on the SSE is comparatively low.”

In 2013, the trading volume in London was less than 3% of the world-wide trading volume of Siemens shares, while the trading volume on the Swiss exchange was less than 1%. Siemens de-listed from the New York Stock Exchange in mid-May.