Melrose to sell Walterscheid Powertrain Group for £200 million

(Reuters) – Turnaround specialist Melrose Industries Plc (LON:) said on Wednesday it would sell its off-highway powertrain applications business Walterscheid Powertrain Group to One Equity Partners, a U.S.-based private equity firm for about 200 million pounds.

Melrose also said that its unit, Fokker Aerospace B.V, has completed the sale of its minority 43.57 percent interest in Société Anonyme Belge de Constructions Aéronautiques to Dassault Belgique Aviation S.A.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ SOURCE

ALSO READ How much does it cost to run a hot tub