GKN agrees sale of helicopter company stake

British engineering group GKN said today it had rubber-stamped a deal to sell its stake in helicopter maker AgustaWestland for £1.06bn (€1.6bn).

GKN agrees sale of helicopter company stake
Wed, 28 Jul, 2004 - 14:18

British engineering group GKN said today it had rubber-stamped a deal to sell its stake in helicopter maker AgustaWestland for £1.06bn (€1.6bn).

The Redditch-based company said it had signed definitive agreements to dispose of its 50% interest in the Yeovil-based aerospace business to Italian engineer Finmeccanica, which holds the other 50%.

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CourtsBusinessHeathrowPerson: Chief ExecutivePerson: Kevin SmithOrganisation: GKNOrganisation: AgustaWestlandOrganisation: RedditchOrganisation: YeovilOrganisation: FinmeccanicaOrganisation: SikorskyOrganisation: BoeingOrganisation: BellOrganisation: EurocopterOrganisation: EADSOrganisation: AgustaOrganisation: BAE Systems
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