GKN proposes to pay £160m into pension schemes as part of demerger plans
GKN has announced plans to make a cash contribution of £160m into its defined benefit (DB) pension schemes as part of demerger plans designed to fend off a hostile takeover by Melrose Industries.
The FTSE 100 engineering firm plans to separate its GKN Driveline and GKN Aerospace businesses via a demerger, to be completed in the middle of 2019. In an update released on 2 March, GKN said it had...
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