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Evening Standard
Evening Standard
Business
Simon English

Melrose to split in two with spin-off of its GKN automotive business

GKN Melrose AUTO Standard Investec Melrose Industries

Turnaround specialist Melrose Industries has confirmed plans to spin off the GKN automotive and powder metallurgy businesses (Aaron Chown/PA)

(Picture: PA Archive)

Melrose is splitting itself in two in a move that completes the break-up of one of Britain’s oldest businesses and plans to aggressively target takeover deals in a bid to boost a lacklustre share price.

The FTSE 100 engineering giant will spin off its GKN automotive arm from the high-powered aerospace business in a move it hopes will make each business more dynamic.

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