GEA Group sells Lurgi to Air Liquide for 200 mln eur enterprise value…
The News Review:
- GEA Group sells Lurgi to Air Liquide for 200 mln eur enterprise value…
- CRRECTIN: Researchers study how to replace petroleum with plant…
- German shares higher afternoon on positive ZEW data bullish Wall…
GEA Group sells Lurgi to Air Liquide for 200 mln eur enterprise value…
Forbes – Apr 17, 2007
The sale is based on an equity value of around 550 mln eur equivalent to 200 mln eur including the assumption of Lurgi’s cash position and pension and other liabilities said GEA in a statement. ‘The disposal of Lurgi enables us to continue our profitable growth strategy focused on our core business’ said GEA CE Juerg leas. After selling its Fleissner unit last year and integrating its Zimmer business into Lurgi GEA said it has now almost completed the disposal of its plant engineering operations. Speaking on a conference call Francois Darchis head of engineering and construction at Air Liquide said the acquisition will allow the French group to double the size of its engineering business and gain a foothold in the renewable energy market.
CRRECTIN: Researchers study how to replace petroleum with plant…
Free with registration – Seattle Times – AccessMyLibrary.com – Apr 17, 2007
It might also form the basis for making disposable diapers antifreeze and plastic pop bottles. In a drive for renewable cost-effective technology Northwest researchers are taking green chemistry into the future by studying how to replace petroleum in hundreds of everyday products with plant-derived sugar. The idea is to use plant materials not only to create alternative fuels but also to make a wide range of chemicals that are now produced using petroleum. The chemicals are valuable in a variety of industries because they form the building blocks of commercial products from paints and plastics to cosmetics and clothing. “We take the biorefinery concept and say we’re going to make fuels out… (17-APR-07) Seattle Times (Seattle WA). A previous version of this story incorrectly stated that Pacific Northwest National L.
German shares higher afternoon on positive ZEW data bullish Wall…
Forbes – Apr 17, 2007
50 eur per share from 68. 50 saying that expected gains have largely been priced in by the market. 72 on news of the sale of its plant engineering subsidiary Lurgi to Air Liquide SA for 550 mln eur 200 mln after debt assumption which was not as high as investors had hoped for dealers said. ‘The sale was not a positive surprise which some investors might have hoped for especially given Lurgi’s high exposure to the bio-fuel market’ said a Frankfurt-based trader.
Written by admin on April 17th, 2007 with
no comments.
Read more articles on News.