Georg Fischer divests casting solutions division, shares rise

Georg Fischer AG

30/07/2025 09:10

** Shares in Georg Fischer GF.S are up around 3% after the Swiss industrial liquids company announced it was selling its casting solutions division to Mexican automotive supplier Nemak NEMAKA.MX

** Jefferies points to GF making a transition to a pure-play flow based solutions business with higher earnings resilience and profitability in the future

** It adds that GF will incur a sizeable one-off, non-cash book loss, including various adjustments, recycling of goodwill and currency translation differences

** GF said on Wednesday that its iron foundry in Leipzig, along with aerospace and industrial gas turbine operations in Novazzano and Arad are not part of the transaction

($1 = 0.8048 Swiss francs)

 (Reporting by Cian Muenster)

 ((Cian.muenster@thomsonreuters.com))