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Marconi steps up debt reduction move

Marconi has sold another subsidiary and bought back £152m worth of bonds.

Marconi steps up debt reduction move

Thu, 20 Dec, 2001 - 16:54

Marconi has sold another subsidiary and bought back £152m worth of bonds.

Marconi has raised £225m through the sale of Marconi Commerce Systems, a North Carolina-based business best known for making petrol pumps.

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Courts Heathrow Place: North Carolina Place: US Person: Mike Parton Person: Parton Organisation: Marconi Organisation: Marconi Commerce Systems Organisation: Gilbarco Organisation: Danaher

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