Swissinfo
Europe · 27 mins ago
Swiss manufacturer Georg Fischer sells turbine and aerospace foundry
Swiss manufacturer Georg Fischer is selling its precision casting business for the aerospace sector and the industrial gas turbine business to United States group CPP. The business division currently employs around 600 people. Georg Fischer expects the sale to generate cash inflows of around CHF220 million. This is intended to further reduce net debt. The transaction is expected to be completed towards the end of 2026 and is subject to the usual closing conditions. Following this transaction, Ge
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