Adhoc: GEA Group Aktiengesellschaft sells Lurgi Group
GEA Group Aktiengesellschaft sells its plant engineering subsidiary Lurgi, Frankfurt am Main, to Air Liquide S.A., Paris, a worldwide producer of industrial and medical gases. The contract was signed today. The disinvestment is based on an Equity Value of approximately EUR 550 million which is equivalent to an Enterprise Value of EUR 200 million - including the assumption of Lurgi’s cash position as well as its pension and similar liabilities. The transaction is subject to the approval of the relevant antitrust authorities.
