Melrose Starts GKN Break-Up With Launch of Powder Metallurgy Sale-Sources

Melrose Starts GKN Break-Up With Launch of Powder Metallurgy Sale-Sources

Turnaround specialist Melrose has fired the starting gun on a break-up of Britain’s 250-year old GKN by launching a sale of the engineer’s powder metallurgy business which could fetch around 1.5 billion pounds ($1.96 billion).

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