Update: Permira Bows Out of the Bidding for Siemens Hearing Division

Permira Advisors LLP has dropped out of the bidding process for Siemens' hearing division, leaving EQT Partners AB as the unit's most likely buyer. However, GN Store Nord—maker of ReSound, Beltone, Otometrics, and Jabra headset devices—also remains as a bidder, and Siemens could also continue to pursue a future IPO as previously announced.