GKN Seeks to Buy Volvo Unit, Sell Wheels Business, Times Says
The U.K. company plans to raise about 130 million pounds from the sale of its wheels business, which makes parts for construction vehicles, the newspaper reported. Gleacher Shacklock LLP is advising GKN on both transactions, it said.
A GKN spokesman, who didn’t wish to be identified by name citing company policy, declined to comment on either of the transactions when contacted by Bloomberg News.
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