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Melrose, UK to demerge GKN Automotive and GKN Powder Metallurgy
Melrose announced its intention to separate the GKN Automotive and GKN Powder Metallurgy businesses from the Melrose Group (the ‘Demerger’) by way of a demerger of shares in a new holding company (‘DemergerCo’) to Melrose shareholders. This will result in two independent and separately listed companies, DemergerCo an....
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