Siemens AG is likely to raise about €1.4 billion ($1.5 billion) from the sale of a roughly 2.3% stake in Siemens Healthineers AG, the medical technology unit it listed in 2018, after increasing the size of the deal.

Siemens AG said Wednesday it is selling 2% of its stake in its medical device company Siemens Healthineers. Proceeds from the sale of the 22 million shares will be used for general corporate purposes, the company said in a news release. It has agreed not to sell any additional shares for 90 days.