10.07.2018
GEA Group Aktiengesellschaft DE0006602006
DGAP-News: GEA Group Aktiengesellschaft: GEA broadens funding base
DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Financing
GEA Group Aktiengesellschaft: GEA broadens funding base
10.07.2018 / 11:00
The issuer is solely responsible for the content of this announcement.
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GEA broadens funding base
Düsseldorf (Germany), July 10, 2018 - GEA Group Aktiengesellschaft has
signed a EUR 150 million loan agreement running until 2025 with the European
Investment Bank (EIB) to finance its research, development and innovation
spending. By utilising the very attractive financing terms currently on
offer, GEA is taking early action to diversify and extend the maturity of
its already good funding base.
"With this loan agreement GEA is demonstrating that, even in difficult
economic circumstances, its determination to place its faith and invest in
groundbreaking innovation is undiminished. Our research and development is
always geared to being able to offer our customers ever more energy
efficient products for their production processes, so reinforcing GEA's
leading market position", said Dr. Helmut Schmale, CFO of GEA Group
Aktiengesellschaft.
The EIB Vice-President with responsibility for the EIB's business in
Germany, Ambroise Fayolle, stressed: "Europe continues to face major
competitiveness and innovation challenges. As the EU bank, we therefore
support investments that lead to greater innovation, technological skills
and competitiveness. This is part of our task of strengthening Europe's
economy on a sustainable basis, because innovation and skills are key to
creating sustainable and high quality jobs, especially in a country like
Germany that competes globally. So I expressly welcome the continuation of
our fruitful cooperation with GEA through this transaction."
Press contact:
GEA Group Aktiengesellschaft
Corporate Media and Press - Marc Pönitz
Peter-Müller-Str. 12, 40468 Düsseldorf, Germany
Phone +49 211 9136-1500
[email protected]
EIB
Christof Roche
Phone +352 43 79 89013 / Mobile +32 479 65 05 88
[email protected]
Press Office: +352 4379 21000
[email protected]
www.eib.org/press
About the EIB
The European Investment Bank (EIB) is the long-term lending institution of
the European Union owned by its Member States. It makes long-term finance
available for sound investment in order to contribute towards EU policy
goals.
About GEA
GEA is one of the largest suppliers for the food processing industry and a
wide range of other industries that generated consolidated revenues of
approximately EUR 4.6 billion in 2017. The international technology group
focuses on process technology, components and sustainable energy solutions
for sophisticated production processes in various end-user markets. The
group generates around 70 percent of its revenue in the food and beverages
sector that enjoys long-term sustainable growth. As of December 31, 2017,
the company employed about 18,000 people worldwide. GEA is a market and
technology leader in its business areas. The company is listed on the German
MDAX (G1A, WKN 660 200). In addition, GEA's stock is included in the MSCI
Global Sustainability Indexes. Further information is available on the
Internet at gea.com.
Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
gea.com
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10.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: GEA Group Aktiengesellschaft
Peter-Müller-Straße 12
40468 Düsseldorf
Germany
Phone: +49 (0)211 9136-0
Fax: +49 (0)211 9136-31087
E-mail: [email protected]
Internet: www.gea.com
ISIN: DE0006602006
WKN: 660200
Indices: MDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Munich; Regulated Unofficial Market in
Hanover, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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702943 10.07.2018
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