15th Nov 2006 07:02
Melrose PLC15 November 2006 15 November 2006 Melrose PLC (the "Company") Statement re: Disposal of Aerospace OEM Division Melrose PLC announces that in accordance with its stated strategy its advisor NMRothschild is about to start the process of marketing the Company's AerospaceOEM division. As indicated in our interim results for the six month period to 30June 2006 this division continues to perform well with a strong order book for2007. Enquiries: M: Communications 020 7153 1530Nick Fox / James Hill Notes to Editor: Melrose is a specialist manufacturing investor. Melrose was floated on AIM on 28October 2003 with the strategy of acquiring businesses whose performance theDirectors believe can be improved to create shareholder value. The Directorshave extensive experience of identifying and evaluating acquisitionopportunities, quoted and unquoted, both in the UK and overseas. During May 2005 Melrose acquired two specialist engineering companies, Dynacastand McKechnie, for an enterprise value of £429 million. In December 2005 Melrose PLC moved on to London's main exchange. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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