GEA Group AG (G1AG.DE)

G1AG.DE on Xetra

19 Jan 2018
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€0.35 (+0.88%)
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Fri, Nov 3 2017

UPDATE 2-GEA trims profit outlook, posts rise in dairy orders

* Elliott, GBL have each bought 3 percent of GEA in past months

Fund manager Elliott sees scope for cost cuts at GEA: source

FRANKFURT Activist investor Elliott sees scope for cost cuts at food processing machinery maker GEA and thinks its current restructuring plan is not good enough, a person close to the fund manager said on Wednesday.

UPDATE 1-Fund manager Elliott sees scope for cost cuts at GEA - source

* GEA shares rise 6.7 pct to highest since mid-April (Adds source and analyst quotes)

Elliott not pushing for GEA break-up, wants dialogue - source

FRANKFURT, Oct 11 Activist investor Elliott is not pushing for radical changes at GEA, a person close to the matter said after the fund took a 3.01 percent stake in the German food-processing machinery maker.

BRIEF-GEA Q3 revenue down by 18.6%

* Q3 REVENUE EUR 9.6 MILLION, DOWN 18.6% Source text: http://bit.ly/2wJ5Ii1 Further company coverage: (Gdynia Newsroom)

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