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Melrose to spin off two GKN units to invest in car industry

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By:
Reuters
September 08, 2022 12:08 PM

Melrose Industries, the turnaround specialist that owns British engineer GKN, will separate its GKN Automotive and GKN Powder Metallurgy divisions and list them as separately independent businesses, unraveling part of the politically controversial hostile takeover it made in 2018.

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