GEA's Share Buyback Is Credit Negative
ISSUER COMMENT CORPORATES FEBRUARY 13, 2017 GEA’s Share Buyback Is Credit Negative From Credit Outlook Last Monday, GEA Group Aktiengesellschaft (Baa2 stable) announced that it would spend €450 million in a share buyback programme between 1 March 2017 and 28 February 2018. The share buyback plan is credit negative because it will likely consume the company’s expected free cash flow generation and
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