DGAP-News: GEA Group Aktiengesellschaft: GEA expands financing options
(firmenpresse) - DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Miscellaneous
GEA Group Aktiengesellschaft: GEA expands financing options
19.12.2011 / 12:45
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Düsseldorf, December 19, 2011 - GEA Group Aktiengesellschaft has further
extended its financing options in December 2011 with a EUR 56 million loan
at a reduced rate of interest from Kreditanstalt für Wiederaufbau (KfW).
The term is for five years.
GEA will use this loan to build a state-of-the-art separator plant at
Oelde, Germany, within the main facility of its segment GEA Mechanical
Equipment. KfW previously examined the investment plan in concert with the
German Federal Ministry for the Environment and the German Federal Ministry
of Economics. A deciding factor here was GEA's environmentally friendly use
of resources with a view to efficient use of energy as well as waste
elimination, air pollution control, and noise reduction. As a result, the
construction project will be supported by the KfW Environmental and Energy
Efficiency Program.
'We are delighted that we qualified for this loan program and that our
increasing ability to compete within Germany will be supported by a loan at
a favorable rate of interest from a lender with an excellent credit
rating', noted Dr. Helmut Schmale, CFO of GEA Group Aktiengesellschaft.
About GEA Group
GEA Group Aktiengesellschaft is one of the largest suppliers of process
technology and components for the food and energy industries. As an
international technology group, the Company focuses on sophisticated
production processes. In 2010, GEA generated consolidated revenues in
excess of EUR 4.4 billion, 70 percent of which came from the food and
energy sectors, which are long-term growth industries. The group employed
about 23,000 people worldwide as of September 30, 2011. GEA Group is a
market and technology leader in its business areas. It is listed in
Germany's MDAX stock index (G1A, WKN 660 200). Further information is
available on the Internet at: www.geagroup.com.
To unsubscribe from GEA Group Aktiengesellschaft's news distribution list,
please send an e-mail to pr(at)geagroup.com or call us on +49-211-9136-1492.
Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
www.geagroup.com
End of Corporate News
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19.12.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and 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: ir(at)geagroup.comInternet: www.geagroup.com
ISIN: DE0006602006
WKN: 660200
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München; Freiverkehr in Hannover,
Stuttgart
End of News DGAP News-Service
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