Georg Fischer: Sale of Stake in Simona

Georg Fischer AG, Schaffhausen, is to sell its equity holding in SIMONA AG, Kirn, Germany, to Solventis Wertpapierhandelsbank GmbH in Frankfurt, Germany. The holding, acquired by Georg Fischer between 2000 and 2003, amounts to 17 percent of the equity. It has been agreed to keep the sale price confidential. The transaction takes place with the agreement of all the companies involved. It will have no effect on the joint venture of Georg Fischer Piping Systems AG and SIMONA AG to produce pipes and mould parts from fluorine plastics.

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