GKN Said Likely to Purchase Volvo Aero Unit in About a Month

GKN Plc, a British maker of aircraft components for Airbus SAS, is looking to close a deal to buy Volvo AB’s aircraft-engine unit in the next month, two people familiar with the situation said.

GKN is the remaining bidder for Volvo Aero as other potential buyers have dropped out, said the people, who declined to be identified as the talks are private. Volvo and GKN aim to sign a preliminary agreement in about two weeks, with a final deal to close the purchase coming a couple of weeks later, one of the people said.