GKN deals difficult under Melrose ownership warns Airbus
GKN appears to have won a key ally in its fight to retain ownership of its group in the face of a hostile takeover bid by turnaround specialist, Melrose.
One of its key aerospace customers, Airbus has said it would find it difficult to award GKN new work if it was part of the Melrose group of companies.
GKN makes components for the wings of several Airbus planes and the OEM is the Redditch group’s biggest aerospace customer, representing 20% of its sales in 2017.
Tom Williams, chief operating officer at Airbus’s commercia... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...