Georg Fischer AG to Divest Its Stake in US Automotive Joint Venture Call Transcript
Ladies and gentlemen, welcome to the Georg Fischer's conference call and live webcast. I'm Andre, the Chorus Call operator. (Operator Instructions) The conference is being recorded. The presentation will be followed by a Q&A session. (Operator Instructions) The conference must not be recorded for publication or broadcast.
At this time, it's my pleasure to hand over to Andreas Muller, CEO. Please go ahead, sir.
Good morning. Welcome and thank you for joining our conference call about the divestment of GF stake in the U.S. automotive joint venture, GF Linamar.
Present on our side our CFO, Mads Joergensen; Head of Investor Relations, Daniel Bosiger; Head of Corporate Communications, Beat Romer; and myself.
Let's turn to Slide 2. In the year 2015, GF and Linamar agreed to set up a joint venture and a joint operation in the North American markets. You may recall that this joint venture was producing its first samples in the year 2017 and started its
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