Melrose could be forced to sign legal agreements promising not to sell GKN's crucial aerospace division



The ‘asset strippers’ set to buy British engineering giant GKN could be forced to sign legal agreements promising not to sell its crucial aerospace division, it emerged last night.
Melrose narrowly won approval for its controversial £8billion takeover on Thursday, but the deal is being closely scrutinised by defence chiefs.
There are growing hopes it could be blocked by ministers on national security grounds. 
Defence Secretary Gavin Williamson, who expressed ‘serious’ reservations in February, is said to be particularly concerned over sensitive contracts held by GKN.
The firm’s aerospace... read more

 
2 April 2018 in Business, Views: 63
Source: Daily Mail
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