Melrose Industries PLC Sundry Disposals (9428R)
06 Marzo 2019 - 1:00AM
UK Regulatory
TIDMMRO
RNS Number : 9428R
Melrose Industries PLC
06 March 2019
06 March 2019
MELROSE INDUSTRIES PLC
Sundry Disposals
Melrose Industries announces today that it has agreed to sell
Walterscheid Powertrain Group, (previously known as GKN Off Highway
Powertrain), a leading provider of original equipment and
aftermarket parts and services for off-highway powertrain
applications to One Equity Partners a US-based private equity firm.
In addition, Melrose announces that its subsidiary, Fokker
Aerospace B.V, has completed the sale of its minority 43.57%
interest in Société Anonyme Belge de Constructions Aéronautiques
(SABCA), which manufactures components for aircraft and space
launchers, to SABCA's majority shareholder, Dassault Belgique
Aviation S.A. The sale of Walterscheid is subject to the customary
regulatory conditions and is expected to complete in the first half
of this year. The combined net proceeds of the sales are
approximately GBP200 million.
-ends-
Enquiries:
Montfort Communications:
Nick Miles, Charlotte McMullen: +44 (0) 20 3514 0897
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END
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