Four bidders for GEA HX business?

GERMANY: GEA is said to have picked four final bidders for its heat exchanger division, Reuters has reported.

Unconfirmed reports say that potential buyers who must meet an early April deadline are mainly interested in the air conditioning and industrial cooling business and less so in the power plant-related divisions.

GEA announced its intention to sell its heat exchanger division in June last year in order to focus on its core business as system provider to the process and food industries.

GEA Heat Exchangers comprises 13 companies supplying products across a wide range of markets and includes UK businesses Searle and Denco and the German refrigeration companies Kuba and Goedhart.