John Menzies hires Rothschild to analyse break-up



Logistics group John Menzies has appointed financial adviser Rothschild & Co to closely examine the prospect of splitting its aviation and distribution arms, after calls from activist investors for a break-up.
Chief financial officer Giles Wilson told The Scotsman that Rothschild has been brought on board to “review the value and options for how a split structure could look”.
He added that the board is “certainly of the view that there is real opportunity with the two businesses apart” and strength in two separate management teams.
READ MORE: Monday Interview: Giles Wilson, chief... read more

 
18 October 2016 in Business, Views: 49
Source: Scotsman
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