December 6, 2018 / 6:08 AM / 13 days ago

BRIEF-Georg Fischer: GF Casting Solutions To Divest Two European Automotive Iron Casting Plants

Dec 6 (Reuters) - Georg Fischer AG:

* GF CASTING SOLUTIONS TO DIVEST TWO EUROPEAN AUTOMOTIVE IRON CASTING PLANTS

* 2020 STRATEGIC EBIT MARGIN OBJECTIVES WILL BE INCREASED TO 9-10%.

* TRANSACTION IS PROFIT NEUTRAL.

* BOTH PARTIES AGREED NOT TO DISCLOSE TRANSACTION PRICE. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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