11th May 2016 06:54
LONDON (Alliance News) - Melrose Industries PLC on Wednesday said its trading in 2016 so far was in line with expectations, and noted it was continuing to seek an acquisition opportunity.
The FTSE 250-listed manufacturing business buyer said its Brush Turbogenerators, which it had previously said would face a challenging year over 2016, was performing "satisfactorily".
Melrose Industries added it continues to seek an acquisition which will create value for shareholders and "remains confident of finding the right opportunity in due course".
Melrose sold its Elster and Bridon businesses in 2014 and 2015 respectively, meaning electricity generation business Brush is Melrose's remaining business. The Elster deal went through in December.
By Hannah Boland; [email protected]; @Hannaheboland
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