Today, making use of the authorization to acquire and use treasury stock granted by the Annual General Meeting on April 16, 2015, the Executive Board of GEA Group Aktiengesellschaft decided with the consent of the Supervisory Board, that the Company shall purchase own shares in an aggregate value of up to EUR 450 mn (not including ancillary acquisition costs) on the stock exchange during the period from March 1, 2017 through February 28, 2018.

Based on the current share price (EUR 38.16; XETRA closing price on February 3, 2017) this would correspond to up to 11,792,452 shares or 6.13% of the Company’s registered share capital. 

The shares shall be repurchased for the purpose of cancellation.

Further details of the share buyback will be announced separately before its start.

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