GEORG FISCHER AG SIX:GF:
SIGNS AGREEMENT TO DIVEST AEROSPACE AND INDUSTRIAL GAS TURBINE OPERATIONS OF FORMER CASTING SOLUTIONS DIVISION
TRANSACTION IS EXPECTED TO GENERATE CASH PROCEEDS OF APPROXIMATELY CHF 220 MILLION
CLOSING IS EXPECTED TOWARDS END OF 2026, SUBJECT TO CUSTOMARY CLOSING CONDITIONS
CASH PROCEEDS FROM THE DIVESTMENT WILL BE USED IN LINE WITH GF’S CAPITAL ALLOCATION FRAMEWORK TO FURTHER REDUCE OUTSTANDING NET DEBT