Regulatory Story
Company Melrose Industries PLC
Headline Sundry Disposals
Released 07:00 06-Mar-2019
Number 9428R07

RNS Number : 9428R
Melrose Industries PLC
06 March 2019





06 March 2019









Sundry Disposals


Melrose Industries announces today that it has agreed to sell Walterscheid Powertrain Group, (previously known as GKN Off Highway Powertrain), a leading provider of original equipment and aftermarket parts and services for off-highway powertrain applications to One Equity Partners a US-based private equity firm.  In addition, Melrose announces that its subsidiary, Fokker Aerospace B.V, has completed the sale of its minority 43.57% interest in Société Anonyme Belge de Constructions Aéronautiques (SABCA), which manufactures components for aircraft and space launchers, to SABCA's majority shareholder, Dassault Belgique Aviation S.A.  The sale of Walterscheid is subject to the customary regulatory conditions and is expected to complete in the first half of this year.  The combined net proceeds of the sales are approximately £200 million.















Montfort Communications:

Nick Miles, Charlotte McMullen:                                                           +44 (0) 20 3514 0897

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.