£200m sale of former GKN assets
Melrose Industries has raised £200m through two deals disposing of former GKN assets.
It has sold Walterscheid Powertrain Group, which used to be called GKN Off Highway Powertrain, to American private equity firm One Equity Partners.
Separately the GKN subsidiary Fokker Aerospace has sold its 44% stake in Belgian aerospace company SABCA to its joint venture partner, Dassault Belgique Aviation.
Melrose bought GKN a year ago in a £8.1bn deal after a protracted takeover battle.
There were concerns that the purchase would le... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
