GKN warns Melrose bid could pose 'implications for covenant strength'
Engineering giant GKN has warned the proposed £7.4bn takeover by Melrose Industries could increase its pensions deficit.
In 2017, GKN had an actuarial or ‘technical provisions' pension deficit of £400m, which has fallen from £700m in 2016. In an official pensions update on the London Stock Exchange, GKN warned an increase...
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