About
- Name: OTTO HAPPEL
- English name: OTTO HAPPEL
- Native name: ---
- Alias: ---
- Award: ---
Description: Otto happel, who studied engineering at rwth aachen, inherited his father's dust-removal business and turned it into thermal engineering firm gea. in 1999, he sold his 50.1% gea stake to germany's mg technologies for around $775 million in cash and kept a 10% interest in the combined group. in 2005, the company renamed itself gea group. happel cashed out in 2006, selling his remaining stake to institutional investors for $700 million. in 2015, he attended the world economic forum in his role as chairman of the swiss private wealth management firm luserve ag.
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