Brief: Georg Fischer Divests GF Casting Solutions
30/07/2025 06:05
July 30 (Reuters) - Georg Fischer AG GF.S: GEORG FISCHER AG - SIGNS AGREEMENT TO DIVEST GF CASTING SOLUTIONS GEORG FISCHER AG - CLOSING IS EXPECTED TO TAKE PLACE IN SECOND HALF OF 2025 GEORG FISCHER AG - AS A RESULT OF TRANSACTION, IT IS EXPECTED THAT GF WILL INCUR SIZEABLE ONE-OFF, NON-CASH BOOK-LOSSES INCLUDING VARIOUS ADJUSTMENTS, RECYCLING OF GOODWILL AND CURRENCY TRANSLATION DIFFERENCES GEORG FISCHER AG - TO SELL GF CASTING SOLUTIONS' AUTOMOTIVE BUSINESS TO NEMAK S.A.B. DE C.V. GEORG FISCHER AG - ENTERPRISE VALUE AMOUNTS TO USD 336 MILLION, OF WHICH USD 160 MILLION IS TO BE PAID AT CLOSING GEORG FISCHER AG - IRON FOUNDRY IN LEIPZIG, ALONG WITH AEROSPACE AND INDUSTRIAL GAS TURBINE OPERATIONS IN NOVAZZANO AND ARAD NOT PART OF TRANSACTION GEORG FISCHER AG - DIVESTMENT PROCESS FOR THESE DISCONTINUED OPERATIONS HAS BEEN INITIATEd Further company coverage: GF.S (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))