PIE-TICKER
Georg Fischer sells Plasson shares
As part of its restructuring moves, Georg Fischer AG (www.georgfischer.com) Schaffhausen / Switzerland, has sold its entire 15.2% stake in Israel's Plasson Industries Ltd. for a book value of CHF 26m (EUR 16.6m). Georg Fischer acquired the Plasson shares in 1999 as a way of gaining entry into the water distribution, industrial agriculture and irrigation market segment. Plasson specialises primarily in clamped plastic fittings and irrigation pipelines for industrial agriculture.
07.04.2004 Plasteurope.com [13240]
Published on 07.04.2004