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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CourtsHeathrowPlace: North CarolinaPlace: USPerson: Mike PartonPerson: PartonOrganisation: MarconiOrganisation: Marconi Commerce SystemsOrganisation: GilbarcoOrganisation: Danaher
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