Georg Fischer divests casting solutions division, shares rise
ReutersJul 30, 2025 8:10 AM
** 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)
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